Craig Hallum downgraded shares of PFSweb, Inc. (NASDAQ:PFSW) from a buy rating to a hold rating in a report released on Thursday, MarketBeat Ratings reports.
Other research analysts also recently issued research reports about the company. B. Riley reissued a buy rating and set a $13.00 target price on shares of PFSweb in a research note on Monday, August 14th. Northland Securities reissued a buy rating and set a $11.00 target price on shares of PFSweb in a research note on Thursday, August 10th. Canaccord Genuity reissued a buy rating and set a $12.00 target price on shares of PFSweb in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised PFSweb from a hold rating to a buy rating and set a $9.25 target price for the company in a research note on Wednesday, October 25th. One 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’s stock. PFSweb has a consensus rating of Hold and a consensus target price of $10.75.
Shares of PFSweb (PFSW) traded down $0.11 during midday trading on Thursday, reaching $6.95. The company’s stock had a trading volume of 167,500 shares, compared to its average volume of 61,207. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.13. The firm has a market capitalization of $132.19, a P/E ratio of 231.67 and a beta of 0.89. PFSweb has a 12-month low of $5.83 and a 12-month high of $9.60.
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Several institutional investors have recently added to or reduced their stakes in PFSW. Parametric Portfolio Associates LLC increased its stake in shares of PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock valued at $153,000 after buying an additional 4,811 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of PFSweb by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock valued at $3,585,000 after buying an additional 15,789 shares during the period. UBS Group AG increased its stake in shares of 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 during the period. Russell Investments Group Ltd. acquired a new position in shares of PFSweb in the second quarter valued at approximately $535,000. Finally, Algert Global LLC acquired a new position in shares of PFSweb in the second quarter valued at approximately $622,000. 57.95% of the stock is owned by institutional investors.
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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