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

PFSweb (NASDAQ:PFSW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

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 analysts also recently issued reports on the stock. Dougherty & Co began 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. Northland Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of PFSweb in a report on Friday, November 10th. Craig Hallum downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Canaccord Genuity downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of PFSweb in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.46.

Shares of PFSweb (NASDAQ PFSW) opened at $7.50 on Thursday. PFSweb has a fifty-two week low of $5.83 and a fifty-two week high of $8.88. The stock has a market cap of $145.31, a PE ratio of -12.50 and a beta of 0.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.13.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Engine Capital Management LLC lifted its stake in shares of PFSweb by 8.4% during the second quarter. Engine Capital Management LLC now owns 912,690 shares of the business services provider’s stock valued at $7,539,000 after buying an additional 70,935 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PFSweb by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 590,612 shares of the business services provider’s stock valued at $4,878,000 after buying an additional 41,557 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of PFSweb during the second quarter valued at approximately $454,000. Susquehanna International Group LLP purchased a new position in shares of PFSweb during the second quarter valued at approximately $432,000. Finally, Macquarie Group Ltd. purchased a new position in shares of PFSweb during the third quarter valued at approximately $230,000. 58.32% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for PFSweb (NASDAQ:PFSW)

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