PFSweb (NASDAQ:PFSW) Downgraded to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of PFSweb (NASDAQ:PFSW) from a hold rating to a sell rating in a research report released on Saturday morning, 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. “

PFSW has been the subject of several other research reports. Lake Street Capital upped their price target on shares of PFSweb from $6.00 to $9.00 and gave the stock a buy rating in a research report on Monday, August 10th. B. Riley upped their price target on shares of PFSweb from $7.50 to $9.50 in a research report on Monday, August 3rd. Finally, Needham & Company LLC reaffirmed a buy rating and set a $9.00 price target on shares of PFSweb in a research report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $8.05.

Shares of PFSW opened at $6.75 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market capitalization of $136.67 million, a price-to-earnings ratio of -112.48 and a beta of 1.86. The company’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $6.85. PFSweb has a 1 year low of $1.50 and a 1 year high of $9.89.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings data on Friday, November 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.17. PFSweb had a negative net margin of 0.40% and a positive return on equity of 3.28%. Equities analysts expect that PFSweb will post -0.08 EPS for the current fiscal year.

In other news, CEO Michael C. Willoughby sold 12,500 shares of PFSweb stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $8.73, for a total value of $109,125.00. Following the transaction, the chief executive officer now owns 270,864 shares of the company’s stock, valued at approximately $2,364,642.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its stake in PFSweb by 500.5% in the second quarter. UBS Group AG now owns 6,005 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 5,005 shares during the last quarter. American International Group Inc. bought a new position in shares of PFSweb in the second quarter valued at approximately $57,000. Goldman Sachs Group Inc. bought a new position in shares of PFSweb in the second quarter valued at approximately $75,000. Engineers Gate Manager LP bought a new position in shares of PFSweb in the second quarter valued at approximately $85,000. Finally, New York State Common Retirement Fund bought a new position in shares of PFSweb in the second quarter valued at approximately $93,000. 56.46% of the stock is currently 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.

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