PFSweb, Inc. (NASDAQ:PFSW) Director Benjamin L. Rosenzweig purchased 6,868 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $5.04 per share, with a total value of $34,614.72. Following the completion of the transaction, the director now owns 6,868 shares of the company’s stock, valued at approximately $34,614.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of PFSweb stock opened at $5.29 on Thursday. The company has a market capitalization of $99.58 million, a P/E ratio of 18.24 and a beta of 0.55. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 0.84. PFSweb, Inc. has a 52 week low of $4.74 and a 52 week high of $11.86.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Monday, March 18th. The business services provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The firm had revenue of $92.99 million during the quarter, compared to analyst estimates of $92.24 million. PFSweb had a net margin of 0.38% and a return on equity of 13.29%.

Several research firms have commented on PFSW. Craig Hallum lowered shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Lake Street Capital set a $10.00 price target on shares of PFSweb and gave the company a “buy” rating in a research report on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine raised shares of PFSweb from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Thursday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective (down from $12.00) on shares of PFSweb in a research report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. PFSweb currently has a consensus rating of “Buy” and a consensus price target of $9.44.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of PFSweb in the 4th quarter valued at approximately $58,000. Rhumbline Advisers raised its position in shares of PFSweb by 52.7% in the 4th quarter. Rhumbline Advisers now owns 19,506 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 6,728 shares during the last quarter. Bank of America Corp DE raised its position in shares of PFSweb by 41.7% in the 4th 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 during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of PFSweb in the 3rd quarter valued at approximately $158,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PFSweb in the 3rd quarter valued at approximately $244,000. 58.65% of the stock is owned by hedge funds and other institutional investors.

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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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