PFSweb, Inc. (NASDAQ:PFSW) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 634,900 shares, a decline of 27.6% from the May 15th total of 876,900 shares. Based on an average daily volume of 70,200 shares, the days-to-cover ratio is currently 9.0 days. Currently, 4.5% of the shares of the company are sold short.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. Craig Hallum downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Lake Street Capital set a $10.00 price objective on shares of PFSweb and gave the stock a “buy” rating in a report on Tuesday, March 19th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective (down previously from $12.00) on shares of PFSweb in a report on Tuesday, March 19th. Finally, TheStreet downgraded shares of PFSweb from a “c-” rating to a “d” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.44.
Shares of PFSW traded up $0.02 during midday trading on Thursday, hitting $3.71. 81,300 shares of the stock traded hands, compared to its average volume of 65,147. PFSweb has a 1-year low of $3.50 and a 1-year high of $10.57. The company has a market capitalization of $73.58 million, a price-to-earnings ratio of 13.54 and a beta of 0.61. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 1.09. The company’s 50 day simple moving average is $3.89.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. PFSweb had a net margin of 0.25% and a return on equity of 12.07%. The firm had revenue of $72.15 million for the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of PFSweb during the first quarter valued at $104,000. Hollow Brook Wealth Management LLC acquired a new position in shares of PFSweb during the first quarter valued at $114,000. Alambic Investment Management L.P. boosted its holdings in shares of PFSweb by 74.7% during the first quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 53,096 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of PFSweb by 4.8% during the first quarter. Acadian Asset Management LLC now owns 138,028 shares of the business services provider’s stock valued at $719,000 after acquiring an additional 6,295 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PFSweb by 7.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,700 shares in the last quarter. 57.65% of the stock is owned by institutional investors.
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.
Featured Story: What is the Rule of 72?
Receive News & Ratings for PFSweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PFSweb and related companies with MarketBeat.com's FREE daily email newsletter.