Dougherty & Co Begins Coverage on PFSweb (NASDAQ:PFSW)

Investment analysts at Dougherty & Co started coverage on shares of PFSweb (NASDAQ:PFSW) in a report released on Tuesday, December 19th, Marketbeat.com reports. The firm set a “buy” rating and a $9.00 price target on the business services provider’s stock. Dougherty & Co’s target price indicates a potential upside of 19.21% from the stock’s current price.

PFSW has been the subject of several other reports. Northland Securities reiterated a “buy” rating and set a $11.00 target price on shares of PFSweb in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of PFSweb from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Wednesday, October 25th. Canaccord Genuity reiterated a “buy” rating and set a $12.00 target price on shares of PFSweb in a report on Monday, October 2nd. B. Riley reiterated a “buy” rating and set a $13.00 target price on shares of PFSweb in a report on Tuesday, November 7th. Finally, Craig Hallum lowered shares of PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. PFSweb currently has a consensus rating of “Buy” and a consensus target price of $10.46.

PFSweb (NASDAQ PFSW) traded up $0.11 during trading on Tuesday, reaching $7.55. The company’s stock had a trading volume of 9,355 shares, compared to its average volume of 12,157. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.20. The company has a market cap of $140.75, a PE ratio of -12.80, a price-to-earnings-growth ratio of 4.74 and a beta of 0.79. PFSweb has a fifty-two week low of $5.83 and a fifty-two week high of $8.88.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Engine Capital Management LLC raised its holdings in PFSweb by 11.6% in the 3rd quarter. Engine Capital Management LLC now owns 1,018,326 shares of the business services provider’s stock worth $8,503,000 after acquiring an additional 105,636 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PFSweb by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 613,681 shares of the business services provider’s stock worth $5,124,000 after acquiring an additional 23,069 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in PFSweb by 14.3% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 255,188 shares of the business services provider’s stock worth $2,108,000 after acquiring an additional 32,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in PFSweb by 63.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 105,615 shares of the business services provider’s stock valued at $882,000 after buying an additional 40,917 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in PFSweb by 2.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 69,918 shares of the business services provider’s stock valued at $578,000 after buying an additional 1,458 shares during the last quarter. Institutional investors own 58.32% of the company’s stock.

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PFSweb Company Profile

PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.

Analyst Recommendations for PFSweb (NASDAQ:PFSW)

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