PFSweb (NASDAQ:PFSW) Lifted to “Buy” at Lake Street Capital

Lake Street Capital upgraded shares of PFSweb (NASDAQ:PFSW) from a hold rating to a buy rating in a report published on Tuesday morning, The Fly reports.

A number of other equities research analysts also recently issued reports on PFSW. Needham & Company LLC reissued a buy rating and set a $5.00 price target on shares of PFSweb in a research report on Monday, November 11th. ValuEngine downgraded PFSweb from a hold rating to a sell rating in a research report on Monday, November 4th. Finally, B. Riley reissued a buy rating and set a $4.50 price target on shares of PFSweb in a research report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $5.81.

Shares of PFSweb stock traded down $0.07 during trading on Tuesday, reaching $3.70. The company’s stock had a trading volume of 18,700 shares, compared to its average volume of 32,056. The business has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.37. PFSweb has a 12-month low of $2.03 and a 12-month high of $6.92. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $68.60 million, a P/E ratio of 12.76 and a beta of 0.95.

PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Monday, November 11th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.13. PFSweb had a positive return on equity of 7.47% and a negative net margin of 0.16%. The firm had revenue of $67.99 million during the quarter, compared to the consensus estimate of $73.09 million. Research analysts predict that PFSweb will post -0.01 EPS for the current fiscal year.

In other news, CFO Thomas J. Madden purchased 15,000 shares of the stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $2.14 per share, with a total value of $32,100.00. Following the completion of the transaction, the chief financial officer now owns 198,380 shares in the company, valued at $424,533.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Reilly purchased 29,039 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $2.79 per share, with a total value of $81,018.81. Following the transaction, the director now owns 55,422 shares of the company’s stock, valued at approximately $154,627.38. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 80,551 shares of company stock valued at $205,915. 6.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. boosted its position in shares of PFSweb by 64.6% in the second quarter. AWM Investment Company Inc. now owns 1,832,185 shares of the business services provider’s stock worth $7,420,000 after buying an additional 719,182 shares during the period. Engine Capital Management LP boosted its position in shares of PFSweb by 10.9% in the second quarter. Engine Capital Management LP now owns 1,297,123 shares of the business services provider’s stock worth $5,253,000 after buying an additional 127,396 shares during the period. Renaissance Technologies LLC boosted its position in shares of PFSweb by 2.1% in the second quarter. Renaissance Technologies LLC now owns 593,839 shares of the business services provider’s stock worth $2,405,000 after buying an additional 12,200 shares during the period. Teton Advisors Inc. boosted its position in shares of PFSweb by 11.6% in the second quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock worth $1,633,000 after buying an additional 42,000 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of PFSweb by 4.1% in the second quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock worth $582,000 after buying an additional 5,672 shares during the period. 56.68% of the stock is owned by institutional investors.

About PFSweb

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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