PFSweb (PFSW) Cut to “Hold” at Zacks Investment Research

PFSweb (NASDAQ:PFSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC assumed coverage on shares of PFSweb in a research note on Wednesday, July 18th. They issued a “buy” rating and a $12.00 price objective on the stock. ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $9.80.

Shares of PFSW opened at $7.18 on Wednesday. The company has a market capitalization of $139.04 million, a PE ratio of 35.90 and a beta of 0.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.30. PFSweb has a 12-month low of $5.90 and a 12-month high of $11.86.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Thursday, August 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.11. The company had revenue of $77.05 million for the quarter, compared to analysts’ expectations of $74.68 million. PFSweb had a net margin of 0.65% and a return on equity of 14.43%. As a group, research analysts forecast that PFSweb will post 0.19 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of PFSweb by 205.4% in the second quarter. BlackRock Inc. now owns 1,031,050 shares of the business services provider’s stock worth $10,022,000 after acquiring an additional 693,474 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of PFSweb in the second quarter worth approximately $279,000. EAM Investors LLC purchased a new position in shares of PFSweb in the second quarter worth approximately $671,000. Renaissance Technologies LLC increased its position in shares of PFSweb by 20.8% in the second quarter. Renaissance Technologies LLC now owns 641,139 shares of the business services provider’s stock worth $6,232,000 after acquiring an additional 110,388 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of PFSweb in the second quarter worth approximately $131,000. 62.32% of the stock is currently owned by institutional investors and hedge funds.

About PFSweb

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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