B. Riley Reiterates “Buy” Rating for PFSweb (NASDAQ:PFSW)

B. Riley reaffirmed their buy rating on shares of PFSweb (NASDAQ:PFSW) in a research report released on Wednesday, BenzingaRatingsTable reports. They currently have a $4.50 target price on the business services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Needham & Company LLC set a $5.00 price objective on shares of PFSweb and gave the stock a buy rating in a research report on Friday, August 9th. ValuEngine cut shares of PFSweb from a hold rating to a sell rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. PFSweb has a consensus rating of Buy and a consensus target price of $6.56.

PFSW stock opened at $2.57 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.13 and a quick ratio of 1.04. The company has a 50 day moving average price of $2.66 and a 200 day moving average price of $4.03. PFSweb has a fifty-two week low of $2.03 and a fifty-two week high of $8.19. The stock has a market capitalization of $48.58 million, a PE ratio of 10.00 and a beta of 0.79.

PFSweb (NASDAQ:PFSW) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter. PFSweb had a return on equity of 10.54% and a net margin of 0.15%. The company had revenue of $68.51 million during the quarter. As a group, equities analysts expect that PFSweb will post -0.1 earnings per share for the current fiscal year.

In other PFSweb news, CEO Michael C. Willoughby bought 18,407 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $2.57 per share, with a total value of $47,305.99. Also, Director James F. Reilly bought 29,039 shares of the stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $2.79 per share, with a total value of $81,018.81. Following the acquisition, the director now directly owns 55,422 shares in the company, valued at approximately $154,627.38. The disclosure for this purchase can be found here. Insiders have acquired a total of 83,051 shares of company stock valued at $212,765 in the last ninety days. Company insiders own 6.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in PFSweb by 7.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock worth $193,000 after acquiring an additional 2,700 shares during the period. GSA Capital Partners LLP grew its holdings in PFSweb by 31.7% during the 2nd quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,200 shares during the period. Acadian Asset Management LLC grew its holdings in PFSweb by 4.1% during the 2nd quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock worth $582,000 after acquiring an additional 5,672 shares during the period. Bank of America Corp DE grew its holdings in PFSweb by 41.7% during the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after acquiring an additional 6,052 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of PFSweb by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 593,839 shares of the business services provider’s stock valued at $2,405,000 after buying an additional 12,200 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

About PFSweb

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. 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 design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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