PFSweb (NASDAQ:PFSW) Lifted to Hold at StockNews.com

Posted by on May 17th, 2023

PFSweb (NASDAQ:PFSW – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

PFSweb Stock Down 1.7 %

Shares of NASDAQ:PFSW opened at $3.95 on Wednesday. The company’s fifty day moving average is $4.34 and its two-hundred day moving average is $6.74. PFSweb has a 12-month low of $3.80 and a 12-month high of $13.19. The company has a market cap of $90.07 million, a P/E ratio of -8.59 and a beta of 1.57.

PFSweb (NASDAQ:PFSW – Get Rating) last announced its earnings results on Tuesday, March 14th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. PFSweb had a negative net margin of 5.61% and a negative return on equity of 5.88%. The company had revenue of $98.52 million for the quarter.

Insider Transactions at PFSweb

In related news, CEO Michael C. Willoughby purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were acquired at an average cost of $4.22 per share, with a total value of $211,000.00. Following the completion of the purchase, the chief executive officer now owns 623,014 shares of the company’s stock, valued at approximately $2,629,119.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PFSweb

Several hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in PFSweb during the third quarter valued at about $28,000. Barclays PLC raised its holdings in PFSweb by 533.1% during the fourth quarter. Barclays PLC now owns 4,533 shares of the business services provider’s stock valued at $28,000 after buying an additional 3,817 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in PFSweb by 321.7% during the first quarter. Tower Research Capital LLC TRC now owns 8,532 shares of the business services provider’s stock valued at $37,000 after buying an additional 6,509 shares in the last quarter. Orchard Capital Management LLC bought a new position in PFSweb during the first quarter valued at about $42,000. Finally, Deutsche Bank AG raised its holdings in PFSweb by 51.5% during the first quarter. Deutsche Bank AG now owns 10,336 shares of the business services provider’s stock valued at $44,000 after buying an additional 3,515 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

About PFSweb

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PFSweb, Inc engages in the provision of global commerce solutions. The company was founded by Mark C. Layton in 1994 and is headquartered in Irving, TX.

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