Shares of PFSweb Inc. (NASDAQ:PFSW) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.00.
PFSW has been the subject of several recent analyst reports. Lake Street Capital reduced their price objective on shares of PFSweb from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Zacks Investment Research downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $17.00 price objective on shares of PFSweb in a research report on Tuesday, August 9th. Cowen and Company initiated coverage on shares of PFSweb in a research report on Tuesday, August 9th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of PFSweb in a research report on Sunday, November 13th.
In related news, insider Steven Stephan sold 16,077 shares of PFSweb stock in a transaction on Monday, November 7th. The shares were sold at an average price of $7.15, for a total value of $114,950.55. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. 5.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of PFSW. The Manufacturers Life Insurance Company acquired a new stake in PFSweb during the third quarter valued at about $107,000. Walleye Trading LLC purchased a new position in PFSweb during the second quarter worth about $109,000. Rhumbline Advisers increased its position in PFSweb by 1.6% in the third quarter. Rhumbline Advisers now owns 12,723 shares of the company’s stock worth $114,000 after buying an additional 200 shares in the last quarter. Airain ltd purchased a new position in PFSweb during the second quarter worth about $128,000. Finally, Acrospire Investment Management LLC increased 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 in the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.
PFSweb (NASDAQ:PFSW) traded down 2.59% during mid-day trading on Monday, reaching $8.28. 32,502 shares of the company’s stock traded hands. The company has a 50 day moving average price of $7.86 and a 200-day moving average price of $9.82. PFSweb has a 12 month low of $6.71 and a 12 month high of $15.87. The stock’s market cap is $154.89 million.