PFSweb’s (PFSW) “Buy” Rating Reiterated at B. Riley
B. Riley reiterated their buy rating on shares of PFSweb, Inc. (NASDAQ:PFSW) in a research note released on Tuesday. They currently have a $13.00 price objective on the business services provider’s stock. B. Riley also issued estimates for PFSweb’s Q3 2017 earnings at ($0.06) EPS, Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $0.23 EPS.
Several other research firms have also issued reports on PFSW. Zacks Investment Research upgraded shares of PFSweb from a hold rating to a strong-buy rating and set a $9.50 target price for the company in a research note on Tuesday, October 3rd. Canaccord Genuity reiterated a buy rating and issued a $12.00 target price on shares of PFSweb in a research note on Monday, October 2nd. Finally, Northland Securities reiterated a buy rating and issued a $11.00 target price on shares of PFSweb in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. PFSweb presently has an average rating of Hold and a consensus price target of $11.15.
Shares of PFSweb (PFSW) traded down $0.11 during mid-day trading on Tuesday, reaching $6.95. 167,513 shares of the company’s stock were exchanged, compared to its average volume of 63,145. The company has a market cap of $131.94, a price-to-earnings ratio of 263.33 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. PFSweb has a fifty-two week low of $5.83 and a fifty-two week high of $9.60.
PFSweb (NASDAQ:PFSW) last posted its earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). PFSweb had a negative net margin of 3.30% and a positive return on equity of 1.98%. The firm had revenue of $78.07 million during the quarter, compared to analyst estimates of $77.13 million. research analysts anticipate that PFSweb will post 0.1 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in PFSweb during the third quarter valued at about $230,000. Russell Investments Group Ltd. lifted its holdings in shares of PFSweb by 63.2% in the third quarter. Russell Investments Group Ltd. now owns 105,615 shares of the business services provider’s stock worth $882,000 after buying an additional 40,917 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of PFSweb in the second quarter worth about $432,000. Engine Capital Management LLC lifted its holdings in shares of PFSweb by 8.4% in the second quarter. Engine Capital Management LLC now owns 912,690 shares of the business services provider’s stock worth $7,539,000 after buying an additional 70,935 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of PFSweb by 14.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 255,188 shares of the business services provider’s stock worth $2,108,000 after buying an additional 32,000 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.
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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