PFSweb, Inc. (NASDAQ:PFSW) had its price objective cut by stock analysts at Canaccord Genuity from $14.00 to $12.00 in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 68.54% from the company’s previous close.
A number of other brokerages have also recently commented on PFSW. Zacks Investment Research upgraded shares of PFSweb from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Friday, January 20th. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of PFSweb in a research note on Tuesday, March 14th. Finally, Wunderlich cut their price target on shares of PFSweb from $19.00 to $10.50 and set a “buy” rating for the company in a research note on Friday. One equities 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 company. The company currently has an average rating of “Buy” and a consensus price target of $13.13.
Shares of PFSweb (NASDAQ:PFSW) opened at 7.12 on Friday. PFSweb has a 1-year low of $6.50 and a 1-year high of $15.87. The company’s market cap is $133.19 million. The company has a 50-day moving average of $7.44 and a 200-day moving average of $8.24.
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Hedge funds have recently bought and sold shares of the company. Oxford Asset Management bought a new stake in PFSweb during the fourth quarter worth about $151,000. Mesirow Financial Investment Management Equity Management bought a new stake in PFSweb during the third quarter worth about $313,000. Ancora Advisors LLC boosted its stake in PFSweb by 162.5% in the fourth quarter. Ancora Advisors LLC now owns 55,326 shares of the company’s stock worth $470,000 after buying an additional 34,247 shares in the last quarter. State Street Corp boosted its stake in PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the company’s stock worth $1,590,000 after buying an additional 10,345 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake in PFSweb by 26.7% in the fourth quarter. Teton Advisors Inc. now owns 249,272 shares of the company’s stock worth $2,119,000 after buying an additional 52,500 shares in the last quarter. Institutional investors own 60.60% 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.
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