PFSweb, Inc. (NASDAQ:PFSW) was downgraded by investment analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts also recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $13.00 target price on shares of PFSweb in a research note on Tuesday. Zacks Investment Research downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Northland Securities reiterated a “buy” rating and set a $11.00 target price on shares of PFSweb in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.75.

Shares of PFSweb (NASDAQ:PFSW) traded down $0.11 on Thursday, hitting $6.95. 167,500 shares of the stock traded hands, compared to its average volume of 68,700. PFSweb has a twelve month low of $5.83 and a twelve month high of $9.60. The firm has a market capitalization of $134.28, a P/E ratio of 235.33 and a beta of 0.89. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.28.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its holdings in PFSweb by 25.7% during the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after purchasing an additional 4,811 shares in the last quarter. Macquarie Group Ltd. purchased a new position in PFSweb during the third quarter worth about $230,000. LMR Partners LLP purchased a new position in PFSweb in the second quarter valued at about $309,000. UBS Group AG increased its holdings in PFSweb by 194.9% in the first quarter. UBS Group AG now owns 50,895 shares of the business services provider’s stock valued at $333,000 after buying an additional 33,637 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in PFSweb in the second quarter valued at about $432,000. 57.95% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for PFSweb (NASDAQ:PFSW)

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