PFSweb (NASDAQ:PFSW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
According to Zacks, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders. “
Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity cut shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. B. Riley restated a “buy” rating and issued a $13.00 target price on shares of PFSweb in a report on Tuesday, November 7th. Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of PFSweb in a research note on Friday, November 10th. Craig Hallum cut shares of PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Dougherty & Co began coverage on shares of PFSweb in a research note on Tuesday, December 19th. They set a “buy” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.46.
Shares of PFSweb (PFSW) opened at $7.43 on Friday. PFSweb has a fifty-two week low of $5.83 and a fifty-two week high of $8.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.13. The stock has a market cap of $141.32, a P/E ratio of 247.67 and a beta of 0.78.
Several institutional investors have recently modified their holdings of PFSW. Russell Investments Group Ltd. purchased a new position in shares of PFSweb during the 2nd quarter worth $535,000. Kennedy Capital Management Inc. boosted its stake in shares of PFSweb by 2.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 69,918 shares of the business services provider’s stock worth $578,000 after acquiring an additional 1,458 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PFSweb by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 590,612 shares of the business services provider’s stock worth $4,878,000 after acquiring an additional 41,557 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of PFSweb during the 2nd quarter worth $454,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of PFSweb by 14.3% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 255,188 shares of the business services provider’s stock worth $2,108,000 after acquiring an additional 32,000 shares during the last quarter. Institutional investors and hedge funds own 58.32% of the company’s stock.
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PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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