PFSweb, Inc. (NASDAQ:PFSW) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.40 and last traded at $6.73, with a volume of 8875 shares trading hands. The stock had previously closed at $6.53.
A number of analysts recently weighed in on PFSW shares. Needham & Company LLC started coverage on shares of PFSweb in a research report on Wednesday, July 18th. They issued a “buy” rating and a $12.00 price target on the stock. Zacks Investment Research downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. B. Riley set a $12.00 price target on shares of PFSweb and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, ValuEngine downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. PFSweb presently has an average rating of “Buy” and an average price target of $10.25.
The stock has a market cap of $128.64 million, a price-to-earnings ratio of 32.50 and a beta of 0.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.31.
Several large investors have recently made changes to their positions in the stock. Engine Capital Management LP raised its position in shares of PFSweb by 22.4% in 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 acquiring an additional 214,278 shares during the period. Algert Global LLC acquired a new stake in shares of PFSweb in the 3rd quarter valued at approximately $249,000. Renaissance Technologies LLC raised its position in shares of PFSweb by 4.4% in the 3rd quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock valued at $4,951,000 after acquiring an additional 27,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of PFSweb in the 3rd quarter valued at approximately $244,000. Finally, Dimensional Fund Advisors LP raised its position in shares of PFSweb by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the business services provider’s stock valued at $5,062,000 after acquiring an additional 36,808 shares during the period. Institutional investors and hedge funds own 62.56% of the company’s stock.
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About PFSweb (NASDAQ:PFSW)
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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