PFSweb (NASDAQ:PFSW) has been assigned a $5.00 target price by Needham & Company LLC in a note issued to investors on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s target price points to a potential upside of 67.79% from the company’s current price.
Several other equities research analysts also recently issued reports on PFSW. TheStreet downgraded PFSweb from a “c-” rating to a “d” rating in a research report on Friday, May 10th. ValuEngine raised PFSweb from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.44.
Shares of NASDAQ:PFSW traded down $0.11 during midday trading on Friday, hitting $2.98. The company’s stock had a trading volume of 88,072 shares, compared to its average volume of 73,145. The firm has a market capitalization of $72.22 million, a PE ratio of 14.88 and a beta of 0.66. The stock’s 50 day moving average is $3.89. PFSweb has a fifty-two week low of $2.86 and a fifty-two week high of $9.89. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in PFSweb by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock worth $5,362,000 after purchasing an additional 5,918 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of PFSweb by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,076 shares of the business services provider’s stock valued at $3,525,000 after purchasing an additional 2,960 shares in the last quarter. Bank of America Corp DE lifted its position in shares of PFSweb by 41.7% during the fourth quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 6,052 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of PFSweb by 7.5% during the first quarter. Teton Advisors Inc. now owns 361,330 shares of the business services provider’s stock valued at $1,883,000 after purchasing an additional 25,308 shares in the last quarter. Finally, 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 valued at $193,000 after purchasing an additional 2,700 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.
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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