Zacks Investment Research Upgrades PFSweb (PFSW) to Buy

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PFSweb (NASDAQ:PFSW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $6.75 target price on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 6.30% from the stock’s previous close.

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. “

Other equities research analysts have also issued research reports about the company. B. Riley set a $12.00 price objective on PFSweb and gave the stock a “buy” rating in a research report on Friday, November 9th. ValuEngine lowered PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.25.

PFSweb stock traded down $0.01 during mid-day trading on Thursday, hitting $6.35. The company had a trading volume of 39,259 shares, compared to its average volume of 48,287. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95. PFSweb has a 12-month low of $4.84 and a 12-month high of $11.86. The firm has a market cap of $120.56 million, a PE ratio of 31.75 and a beta of 0.44.

PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. PFSweb had a return on equity of 13.65% and a net margin of 0.47%. The business had revenue of $77.70 million for the quarter, compared to analyst estimates of $75.93 million. On average, equities research analysts forecast that PFSweb will post 0.26 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in PFSW. Vanguard Group Inc lifted its position in shares of PFSweb by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 898,497 shares of the business services provider’s stock valued at $6,649,000 after buying an additional 34,480 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of PFSweb by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock valued at $6,649,000 after buying an additional 34,480 shares in the last quarter. Engine Capital Management LP lifted its position in shares of PFSweb by 22.4% during the 3rd quarter. Engine Capital Management LP now owns 1,169,727 shares of the business services provider’s stock valued at $8,656,000 after buying an additional 214,278 shares in the last quarter. Algert Global LLC purchased a new position in shares of PFSweb during the 3rd quarter valued at approximately $249,000. Finally, Renaissance Technologies LLC lifted its position in shares of PFSweb by 4.4% during the 3rd quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock valued at $4,951,000 after buying an additional 27,900 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

About PFSweb

PFSweb, Inc is global commerce service provider, which engages in delivering integrated technologies, professional services and a worldwide network of systems and logistics to deliver global commerce solutions. It operates through PFSweb, and Business and Retail Connect segments. The PFSweb segment provides various infrastructure, technology and digital agency solutions, and operates as a service fee business globally.

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