Engine Capital Management LP boosted its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,169,727 shares of the business services provider’s stock after buying an additional 214,278 shares during the period. PFSweb makes up approximately 8.1% of Engine Capital Management LP’s holdings, making the stock its 3rd largest holding. Engine Capital Management LP owned approximately 6.07% of PFSweb worth $8,656,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in PFSW. Rhumbline Advisers bought a new stake in PFSweb during the second quarter valued at about $131,000. Bank of Montreal Can bought a new stake in PFSweb during the second quarter valued at about $139,000. PNC Financial Services Group Inc. bought a new stake in PFSweb during the third quarter valued at about $158,000. ClariVest Asset Management LLC bought a new stake in PFSweb during the third quarter valued at about $206,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in PFSweb during the third quarter valued at about $244,000. Institutional investors own 62.73% of the company’s stock.
Shares of NASDAQ:PFSW traded up $0.34 during trading on Friday, hitting $6.16. The stock had a trading volume of 74,780 shares, compared to its average volume of 58,867. PFSweb, Inc. has a 12-month low of $4.84 and a 12-month high of $11.86. The stock has a market cap of $98.80 million, a price-to-earnings ratio of 30.80 and a beta of 0.44. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 0.95.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $77.70 million during the quarter, compared to analysts’ expectations of $75.93 million. PFSweb had a return on equity of 13.65% and a net margin of 0.47%. As a group, equities analysts anticipate that PFSweb, Inc. will post 0.26 EPS for the current fiscal year.
Several equities research analysts have weighed in on PFSW shares. Zacks Investment Research downgraded PFSweb from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. ValuEngine downgraded PFSweb from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, B. Riley set a $12.00 price target on PFSweb and gave the stock a “buy” rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.67.
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PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. 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 strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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