PFSweb (PFSW) Rating Reiterated by Needham & Company LLC

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PFSweb (NASDAQ:PFSW)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $9.00 target price on the business services provider’s stock, down from their previous target price of $12.00. Needham & Company LLC’s price objective suggests a potential upside of 59.86% from the company’s current price.

Other equities analysts have also issued reports about the company. ValuEngine upgraded PFSweb from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded PFSweb from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Thursday, January 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $9.44.

Shares of NASDAQ:PFSW opened at $5.63 on Tuesday. PFSweb has a fifty-two week low of $4.84 and a fifty-two week high of $11.86. The stock has a market capitalization of $110.75 million, a price-to-earnings ratio of 19.41 and a beta of 0.55. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.84.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Monday, March 18th. The business services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. PFSweb had a return on equity of 13.29% and a net margin of 0.38%. The company had revenue of $92.99 million during the quarter, compared to analysts’ expectations of $92.24 million.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of PFSweb by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 687,076 shares of the business services provider’s stock worth $3,525,000 after purchasing an additional 2,960 shares during the period. Bank of America Corp DE increased its stake in shares of PFSweb by 41.7% in the fourth quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock worth $105,000 after purchasing an additional 6,052 shares during the period. White Pine Capital LLC increased its stake in shares of PFSweb by 63.6% in the fourth quarter. White Pine Capital LLC now owns 136,120 shares of the business services provider’s stock worth $698,000 after purchasing an additional 52,941 shares during the period. Alambic Investment Management L.P. bought a new position in shares of PFSweb in the fourth quarter worth about $365,000. Finally, BlackRock Inc. increased its stake in shares of PFSweb by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock worth $5,362,000 after purchasing an additional 5,918 shares during the period. Institutional investors and hedge funds own 58.68% 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, PFSweb, and Business and Retail Connect. 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 strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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