PFSweb (PFSW) Coverage Initiated at Dougherty & Co

Dougherty & Co started coverage on shares of PFSweb (NASDAQ:PFSW) in a report issued on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $9.00 price objective on the business services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut PFSweb from a buy rating to a hold rating in a report on Thursday, October 26th. Craig Hallum cut PFSweb from a buy rating to a hold rating in a report on Thursday, November 9th. Northland Securities restated a buy rating and set a $9.00 target price on shares of PFSweb in a report on Friday, November 10th. Canaccord Genuity restated a buy rating and set a $12.00 target price on shares of PFSweb in a report on Monday, October 2nd. Finally, B. Riley restated a buy rating and set a $13.00 target price on shares of PFSweb in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $10.46.

PFSweb (NASDAQ PFSW) traded down $0.13 during trading hours on Tuesday, reaching $7.48. 49,187 shares of the company’s stock traded hands, compared to its average volume of 31,795. The stock has a market cap of $144.74, a P/E ratio of -12.47 and a beta of 0.78. PFSweb has a 52-week low of $5.83 and a 52-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.

A number of institutional investors have recently made changes to their positions in the stock. Engine Capital Management LLC increased its position in shares of PFSweb by 11.6% during the 3rd quarter. Engine Capital Management LLC now owns 1,018,326 shares of the business services provider’s stock worth $8,503,000 after purchasing an additional 105,636 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of PFSweb during the 3rd quarter worth approximately $130,000. Dimensional Fund Advisors LP increased its position in shares of PFSweb by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 613,681 shares of the business services provider’s stock worth $5,124,000 after purchasing an additional 23,069 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of PFSweb during the 3rd quarter worth approximately $230,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of PFSweb by 63.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 105,615 shares of the business services provider’s stock worth $882,000 after acquiring an additional 40,917 shares during the period. 58.32% of the stock is currently owned by institutional investors and hedge funds.

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About PFSweb

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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