Granite Investment Partners LLC boosted its stake in PFSweb Inc. (NASDAQ:PFSW) by 27.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411,808 shares of the company’s stock after buying an additional 89,891 shares during the period. Granite Investment Partners LLC owned approximately 2.20% of PFSweb worth $3,677,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of PFSW. Walleye Trading LLC bought a new position in PFSweb during the second quarter worth approximately $109,000. Rhumbline Advisers boosted its position in PFSweb by 14.1% in the second quarter. Rhumbline Advisers now owns 12,523 shares of the company’s stock worth $119,000 after buying an additional 1,545 shares during the period. Airain ltd bought a new position in PFSweb during the second quarter worth approximately $128,000. Acrospire Investment Management LLC boosted its position in PFSweb by 439.0% in the second quarter. Acrospire Investment Management LLC now owns 17,066 shares of the company’s stock worth $162,000 after buying an additional 13,900 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in PFSweb during the second quarter worth approximately $188,000. 61.29% of the stock is owned by institutional investors and hedge funds.
Shares of PFSweb Inc. (NASDAQ:PFSW) traded up 1.78% on Friday, reaching $8.57. 16,004 shares of the company were exchanged. PFSweb Inc. has a 12-month low of $6.71 and a 12-month high of $15.87. The stock’s 50-day moving average is $7.92 and its 200 day moving average is $9.86. The firm’s market capitalization is $160.31 million.
A number of research firms have recently commented on PFSW. B. Riley reissued a “buy” rating and issued a $15.00 target price on shares of PFSweb in a report on Sunday, November 13th. Zacks Investment Research cut shares of PFSweb from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Canaccord Genuity reissued a “buy” rating and issued a $17.00 target price on shares of PFSweb in a report on Tuesday, August 9th. Lake Street Capital dropped their target price on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, Cowen and Company began coverage on shares of PFSweb in a report on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. PFSweb has an average rating of “Buy” and an average price target of $16.33.
In other PFSweb news, insider Steven Stephan sold 16,077 shares of PFSweb stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $7.15, for a total transaction of $114,950.55. Following the completion of the transaction, the insider now owns 11,577 shares of the company’s stock, valued at approximately $82,775.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.
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.