Short Interest in PFSweb, Inc. (NASDAQ:PFSW) Decreases By 7.7%

PFSweb, Inc. (NASDAQ:PFSW) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 90,200 shares, a decline of 7.7% from the September 30th total of 97,700 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.6% of the shares of the company are sold short.

A number of research firms have commented on PFSW. B. Riley restated a “buy” rating and issued a $4.50 price target on shares of PFSweb in a research report on Wednesday, September 18th. ValuEngine upgraded shares of PFSweb from a “sell” rating to a “hold” rating in a research report on Thursday. Lake Street Capital upgraded shares of PFSweb from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Zacks Investment Research lowered shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of PFSweb in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $5.81.

In other PFSweb news, Director James F. Reilly bought 29,039 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $2.79 per share, with a total value of $81,018.81. Following the completion of the purchase, the director now directly owns 55,422 shares in the company, valued at approximately $154,627.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Willoughby bought 11,605 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $2.57 per share, for a total transaction of $29,824.85. Following the purchase, the chief executive officer now owns 237,267 shares of the company’s stock, valued at $609,776.19. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 80,551 shares of company stock worth $205,915. Insiders own 6.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of PFSweb during the third quarter worth approximately $29,000. GSA Capital Partners LLP lifted its position in shares of PFSweb by 31.7% during the second quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,200 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of PFSweb during the second quarter worth approximately $65,000. Marshall Wace LLP acquired a new position in shares of PFSweb during the first quarter worth approximately $104,000. Finally, Signaturefd LLC acquired a new position in shares of PFSweb during the third quarter worth approximately $63,000. Institutional investors own 56.05% of the company’s stock.

NASDAQ:PFSW traded down $0.11 on Monday, reaching $3.59. The stock had a trading volume of 17,400 shares, compared to its average volume of 62,746. The company has a market capitalization of $71.90 million, a P/E ratio of 12.38 and a beta of 0.95. PFSweb has a 1-year low of $2.03 and a 1-year 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 stock has a fifty day moving average price of $3.04 and a 200-day moving average price of $3.36.

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

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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