PFSweb, Inc. (NASDAQ:PFSW) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 188,400 shares, a decline of 18.9% from the June 30th total of 232,400 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 87,000 shares, the short-interest ratio is currently 2.2 days.
PFSW has been the subject of several analyst reports. ValuEngine upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet cut shares of PFSweb from a “c-” rating to a “d” rating in a report on Friday, May 10th. Finally, Needham & Company LLC set a $5.00 target price on shares of PFSweb and gave the company a “buy” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $8.44.
Institutional investors have recently modified their holdings of the company. Teton Advisors Inc. boosted its holdings in shares of PFSweb by 7.5% in the 1st quarter. Teton Advisors Inc. now owns 361,330 shares of the business services provider’s stock valued at $1,883,000 after buying an additional 25,308 shares in the last quarter. Alambic Investment Management L.P. raised its position in PFSweb by 74.7% in the 1st quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 53,096 shares during the last quarter. BlackRock Inc. raised its position in PFSweb by 0.6% in the 4th quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock valued at $5,362,000 after purchasing an additional 5,918 shares during the last quarter. Hollow Brook Wealth Management LLC purchased a new stake in PFSweb in the 1st quarter valued at $114,000. Finally, Acadian Asset Management LLC raised its position in PFSweb by 4.8% in the 1st quarter. Acadian Asset Management LLC now owns 138,028 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 6,295 shares during the last quarter. Institutional investors and hedge funds own 58.35% of the company’s stock.
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. 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 design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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