PFSweb (PFSW) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of PFSweb (NASDAQ:PFSW) from a sell rating to a hold rating in a research report released on Thursday 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. “
A number of other research firms have also recently commented on PFSW. Northland Securities restated a buy rating and issued a $11.00 target price on shares of PFSweb in a research note on Thursday, September 21st. Craig Hallum cut PFSweb from a buy rating to a hold rating in a research note on Thursday, November 9th. Dougherty & Co initiated coverage on PFSweb in a research note on Tuesday, December 19th. They issued a buy rating and a $9.00 target price for the company. Canaccord Genuity cut PFSweb from a buy rating to a hold rating in a research note on Thursday, November 9th. Finally, B. Riley restated a buy rating and issued a $13.00 target price on shares of PFSweb in a research note on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. PFSweb has a consensus rating of Buy and an average target price of $10.46.
PFSweb (NASDAQ:PFSW) traded up $0.01 on Thursday, hitting $7.40. The stock had a trading volume of 13,300 shares, compared to its average volume of 15,125. The stock has a market cap of $140.75, a PE ratio of -12.33, a PEG ratio of 4.74 and a beta of 0.79. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. PFSweb has a 52 week low of $5.83 and a 52 week high of $8.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PFSW. OxFORD Asset Management LLP bought a new position in PFSweb during the 3rd quarter valued at approximately $130,000. Macquarie Group Ltd. bought a new position in PFSweb during the 3rd quarter valued at approximately $230,000. Susquehanna International Group LLP bought a new position in PFSweb during the 2nd quarter valued at approximately $432,000. Goldman Sachs Group Inc. bought a new position in PFSweb during the 2nd quarter valued at approximately $454,000. Finally, Russell Investments Group Ltd. bought a new position in PFSweb during the 2nd quarter valued at approximately $535,000. Institutional investors own 58.32% of the company’s stock.
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.
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