Perritt Capital Management Inc. lessened its holdings in shares of PFSweb, Inc. (NASDAQ:PFSW) by 6.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 285,644 shares of the business services provider’s stock after selling 20,493 shares during the period. Perritt Capital Management Inc. owned 1.47% of PFSweb worth $1,157,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its position in PFSweb by 41.7% during the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after buying an additional 6,052 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of PFSweb by 7.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock worth $193,000 after purchasing an additional 2,700 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of PFSweb by 4.8% during the first quarter. Acadian Asset Management LLC now owns 138,028 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 6,295 shares during the last quarter. Alambic Investment Management L.P. grew its stake in shares of PFSweb by 74.7% during the first quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 53,096 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC acquired a new stake in shares of PFSweb in the first quarter valued at approximately $114,000. Institutional investors own 57.02% of the company’s stock.
NASDAQ:PFSW traded down $0.17 on Wednesday, hitting $2.50. 309 shares of the stock were exchanged, compared to its average volume of 61,330. The stock has a market capitalization of $46.54 million, a price-to-earnings ratio of 9.58 and a beta of 0.79. PFSweb, Inc. has a 52 week low of $2.03 and a 52 week high of $8.77. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.04 and a current ratio of 1.13. The company’s 50-day moving average price is $2.84 and its 200 day moving average price is $4.19.
PFSweb (NASDAQ:PFSW) last issued its earnings results on Thursday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. PFSweb had a net margin of 0.15% and a return on equity of 10.54%. The business had revenue of $68.51 million during the quarter.
In other PFSweb news, CFO Thomas J. Madden acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $2.14 per share, for a total transaction of $32,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 198,380 shares of the company’s stock, valued at approximately $424,533.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 21,000 shares of company stock valued at $46,875. 6.50% of the stock is currently owned by insiders.
Several research analysts recently weighed in on PFSW shares. ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Needham & Company LLC set a $5.00 price objective on PFSweb and gave the company a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.44.
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. 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 design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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