PFSweb Inc. (NASDAQ:PFSW)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $15.50 price target on the stock. B. Riley’s price target would indicate a potential upside of 82.35% from the company’s previous close.
Several other brokerages have also recently weighed in on PFSW. Zacks Investment Research cut shares of PFSweb from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Lake Street Capital reduced their target price on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Cowen and Company initiated coverage on shares of PFSweb in a research note on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $17.00 price target on shares of PFSweb in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. PFSweb currently has a consensus rating of “Buy” and an average price target of $16.33.
PFSweb (NASDAQ:PFSW) traded up 0.95% during trading on Tuesday, hitting $8.50. 26,232 shares of the company traded hands. PFSweb has a 52-week low of $6.71 and a 52-week high of $15.87. The company’s 50-day moving average is $7.86 and its 200 day moving average is $9.82. The firm’s market cap is $159.00 million.
In other news, insider Steven Stephan sold 16,077 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $7.15, for a total transaction of $114,950.55. Following the transaction, the insider now directly owns 11,577 shares in the company, valued at $82,775.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its position in shares of PFSweb by 6,161.5% in the second quarter. Wedge Capital Management L L P NC now owns 1,383,800 shares of the company’s stock worth $48,724,000 after buying an additional 1,361,700 shares during the period. Wellington Management Group LLP raised its position in shares of PFSweb by 107.3% in the first quarter. Wellington Management Group LLP now owns 1,941,600 shares of the company’s stock worth $25,474,000 after buying an additional 1,004,800 shares during the period. Citadel Advisors LLC raised its position in shares of PFSweb by 947.4% in the second quarter. Citadel Advisors LLC now owns 175,682 shares of the company’s stock worth $1,669,000 after buying an additional 158,909 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PFSweb by 50.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 362,697 shares of the company’s stock worth $4,668,000 after buying an additional 121,305 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new position in shares of PFSweb during the second quarter worth about $1,137,000. Institutional investors and hedge funds own 61.29% of the company’s stock.