TIAA CREF Investment Management LLC lowered its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 30.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,279 shares of the business services provider’s stock after selling 7,033 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.08% of PFSweb worth $120,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc raised its position in PFSweb by 4.0% in 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 during the last quarter. Vanguard Group Inc. boosted its stake in PFSweb by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 898,497 shares of the business services provider’s stock valued at $6,649,000 after purchasing an additional 34,480 shares during the period. Engine Capital Management LP raised its holdings in 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 in the last quarter. Algert Global LLC acquired a new position in PFSweb in the 3rd quarter valued at $249,000. Finally, Renaissance Technologies LLC raised its holdings 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 worth $4,951,000 after buying an additional 27,900 shares in the last quarter. 63.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on PFSW shares. B. Riley set a $12.00 target price on PFSweb and gave the stock a “buy” rating in a report on Friday, November 9th. ValuEngine raised PFSweb from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research raised PFSweb from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Thursday, January 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.25.
NASDAQ PFSW opened at $6.02 on Monday. PFSweb, Inc. has a 12 month low of $4.84 and a 12 month high of $11.86. The stock has a market capitalization of $116.32 million, a price-to-earnings ratio of 30.10 and a beta of 0.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.23 and a current ratio of 1.31.
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PFSweb Company Profile
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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