Zacks Investment Research Downgrades PFSweb (PFSW) to Hold

Zacks Investment Research cut shares of PFSweb (NASDAQ:PFSW) from a buy rating to a hold rating in a research report released 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. “

Other analysts have also 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 lowered shares of PFSweb from a hold rating to a sell rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $10.00.

Shares of NASDAQ:PFSW traded down $0.66 during midday trading on Wednesday, reaching $6.75. The company’s stock had a trading volume of 44,598 shares, compared to its average volume of 24,569. The firm has a market capitalization of $139.62 million, a P/E ratio of 33.75 and a beta of 0.33. PFSweb has a twelve month low of $6.50 and a twelve month high of $11.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.30 and a quick ratio of 1.21.

PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.11. The firm had revenue of $77.05 million for the quarter, compared to analyst estimates of $74.68 million. PFSweb had a net margin of 0.65% and a return on equity of 14.43%. Equities analysts anticipate that PFSweb will post 0.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PFSW. Bank of Montreal Can purchased a new stake in PFSweb during the second quarter worth $139,000. Acadian Asset Management LLC boosted its holdings in PFSweb by 895.2% during the second quarter. Acadian Asset Management LLC now owns 82,755 shares of the business services provider’s stock worth $804,000 after buying an additional 74,440 shares in the last quarter. EAM Investors LLC purchased a new stake in PFSweb during the second quarter worth $671,000. Rhumbline Advisers purchased a new stake in PFSweb during the second quarter worth $131,000. Finally, Bank of New York Mellon Corp boosted its holdings in PFSweb by 56.4% during the second quarter. Bank of New York Mellon Corp now owns 84,782 shares of the business services provider’s stock worth $823,000 after buying an additional 30,585 shares in the last quarter. 62.32% of the stock is currently owned by hedge funds and other institutional investors.

PFSweb Company Profile

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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