Several other research firms also recently weighed in on PFSW. 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 report on Friday, January 20th. Canaccord Genuity reaffirmed a buy rating and issued a $14.00 target price on shares of PFSweb in a research report on Tuesday, February 7th. Finally, B. Riley reaffirmed a buy rating and issued a $15.00 target price on shares of PFSweb in a research report on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and an average price target of $13.13.
Shares of PFSweb (NASDAQ:PFSW) traded down 4.97% during trading on Friday, hitting $7.08. The stock had a trading volume of 164,673 shares. The stock’s market cap is $132.44 million. PFSweb has a 12 month low of $6.50 and a 12 month high of $15.87. The company’s 50 day moving average price is $7.44 and its 200 day moving average price is $8.24.
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Institutional investors have recently made changes to their positions in the company. Granite Investment Partners LLC increased its position in shares of PFSweb by 27.9% in the third quarter. Granite Investment Partners LLC now owns 411,808 shares of the company’s stock worth $3,677,000 after buying an additional 89,891 shares in the last quarter. Teton Advisors Inc. increased its position in shares of PFSweb by 26.7% in the fourth quarter. Teton Advisors Inc. now owns 249,272 shares of the company’s stock worth $2,119,000 after buying an additional 52,500 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of PFSweb during the third quarter worth approximately $313,000. Ancora Advisors LLC increased its position in shares of PFSweb by 162.5% in the fourth quarter. Ancora Advisors LLC now owns 55,326 shares of the company’s stock worth $470,000 after buying an additional 34,247 shares in the last quarter. Finally, Oxford Asset Management bought a new position in shares of PFSweb during the fourth quarter worth approximately $151,000. 60.60% of the stock is 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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