PFSweb (NASDAQ:PFSW) Stock Rating Lowered by Zacks Investment Research

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PFSweb (NASDAQ:PFSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders. “

A number of other equities analysts have also issued reports on PFSW. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of PFSweb in a research report on Monday, November 11th. ValuEngine upgraded shares of PFSweb from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Lake Street Capital upgraded shares of PFSweb from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum upgraded shares of PFSweb from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $5.95.

Shares of PFSW opened at $4.41 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52. The firm has a market cap of $85.69 million, a PE ratio of -220.50 and a beta of 1.04. The company’s 50 day simple moving average is $4.34 and its 200-day simple moving average is $3.41. PFSweb has a 12-month low of $2.03 and a 12-month high of $6.70.

Several institutional investors and hedge funds have recently made changes to their positions in PFSW. Acadian Asset Management LLC lifted its holdings in shares of PFSweb by 5.5% during the fourth quarter. Acadian Asset Management LLC now owns 138,918 shares of the business services provider’s stock worth $531,000 after purchasing an additional 7,209 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of PFSweb during the third quarter worth $29,000. Parametric Portfolio Associates LLC acquired a new stake in shares of PFSweb during the second quarter worth $65,000. Marshall Wace LLP acquired a new stake in shares of PFSweb during the first quarter worth $104,000. Finally, Signaturefd LLC acquired a new stake in shares of PFSweb during the third quarter worth $63,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

PFSweb Company Profile

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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