Algert Global LLC reduced its stake in PFSweb, Inc. (NASDAQ:PFSW) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,069 shares of the business services provider’s stock after selling 2,640 shares during the period. Algert Global LLC owned 0.16% of PFSweb worth $159,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Engine Capital Management LP lifted its position in PFSweb by 22.4% during the third quarter. Engine Capital Management LP now owns 1,169,727 shares of the business services provider’s stock valued at $8,656,000 after acquiring an additional 214,278 shares during the last quarter. BlackRock Inc. raised its holdings in shares of PFSweb by 0.8% in the third quarter. BlackRock Inc. now owns 1,039,341 shares of the business services provider’s stock worth $7,691,000 after buying an additional 8,291 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of PFSweb by 4.0% in the third quarter. Vanguard Group Inc now owns 898,497 shares of the business services provider’s stock worth $6,649,000 after buying an additional 34,480 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of PFSweb by 4.0% in the third quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock worth $6,649,000 after acquiring an additional 34,480 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of PFSweb by 5.7% in the third quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the business services provider’s stock worth $5,062,000 after acquiring an additional 36,808 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.
NASDAQ:PFSW opened at $6.20 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $119.41 million, a PE ratio of 31.00 and a beta of 0.57. PFSweb, Inc. has a twelve month low of $4.84 and a twelve month high of $11.86.
Several analysts recently commented on PFSW shares. Zacks Investment Research lowered shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. ValuEngine upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, B. Riley set a $12.00 target price on shares of PFSweb and gave the company a “buy” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.25.
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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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