PFSweb, Inc. (PFSW) Cut to Hold at Canaccord Genuity

Canaccord Genuity lowered shares of PFSweb, Inc. (NASDAQ:PFSW) from a buy rating to a hold rating in a research report released on Thursday morning.

PFSW has been the subject of several other research reports. Zacks Investment Research raised shares of PFSweb from a hold rating to a strong-buy rating and set a $9.50 price objective for the company in a research note on Tuesday, October 3rd. Northland Securities reissued a buy rating and issued a $11.00 price objective on shares of PFSweb in a research note on Thursday, September 21st. Finally, B. Riley reissued a buy rating and issued a $13.00 price objective on shares of PFSweb in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $10.75.

PFSweb (PFSW) traded down $0.11 during midday trading on Thursday, hitting $6.95. 167,500 shares of the stock traded hands, compared to its average volume of 61,207. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. PFSweb has a twelve month low of $5.83 and a twelve month high of $9.60. The stock has a market capitalization of $132.19, a price-to-earnings ratio of 231.67 and a beta of 0.89.

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A number of institutional investors have recently modified their holdings of the stock. Kennedy Capital Management Inc. lifted its stake in PFSweb by 2.1% in the second quarter. Kennedy Capital Management Inc. now owns 69,918 shares of the business services provider’s stock worth $578,000 after acquiring an additional 1,458 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after acquiring an additional 4,811 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in PFSweb by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock worth $3,585,000 after acquiring an additional 15,789 shares during the last quarter. Teton Advisors Inc. lifted its stake in PFSweb by 8.3% in the second quarter. Teton Advisors Inc. now owns 306,862 shares of the business services provider’s stock worth $2,535,000 after acquiring an additional 23,421 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in PFSweb in the third quarter worth approximately $230,000. Institutional investors own 57.95% of the company’s stock.

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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