Zacks Investment Research lowered shares of PFSweb (NASDAQ:PFSW) from a hold rating to a sell rating in a report published on Wednesday morning.
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. “
A number of other research analysts have also recently commented on PFSW. Dougherty & Co started coverage on shares of PFSweb in a report on Tuesday, December 19th. They issued a buy rating and a $9.00 price target on the stock. B. Riley set a $11.00 price target on shares of PFSweb and gave the stock a buy rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $10.05.
PFSW stock traded down $0.07 during midday trading on Wednesday, hitting $8.72. 1,504 shares of the stock were exchanged, compared to its average volume of 31,156. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $161.90, a PE ratio of 44.79, a PEG ratio of 6.17 and a beta of 0.65. PFSweb has a 12-month low of $5.83 and a 12-month high of $8.88.
Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in PFSweb by 187.5% during the 4th quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock worth $104,000 after acquiring an additional 9,157 shares in the last quarter. OxFORD Asset Management LLP bought a new position in PFSweb during the 3rd quarter worth about $130,000. BlueCrest Capital Management Ltd bought a new position in PFSweb during the 4th quarter worth about $178,000. Macquarie Group Ltd. bought a new position in PFSweb during the 3rd quarter worth about $230,000. Finally, Stone Ridge Asset Management LLC bought a new position in PFSweb during the 4th quarter worth about $239,000. Institutional investors own 61.91% of the company’s stock.
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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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