The stock of PFSweb, Inc. (NASDAQ:PFSW) hit a new 52-week low and has $7.74 target or 11.00% below today’s $8.70 share price. The 6 months bearish chart indicates high risk for the $162.32M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $7.74 price target is reached, the company will be worth $17.86 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 24,760 shares traded hands. PFSweb, Inc. (NASDAQ:PFSW) has declined 32.04% since March 10, 2016 and is downtrending. It has underperformed by 39.56% the S&P500.
Analysts await PFSweb, Inc. (NASDAQ:PFSW) to report earnings on November, 14. They expect $-0.04 EPS, up 80.95% or $0.17 from last year’s $-0.21 per share. After $-0.03 actual EPS reported by PFSweb, Inc. for the previous quarter, Wall Street now forecasts 33.33% negative EPS growth.
PFSweb, Inc. (NASDAQ:PFSW) Ratings Coverage
Out of 4 analysts covering PFSweb (NASDAQ:PFSW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. PFSweb has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Tuesday, August 9, the company rating was initiated by Cowen & Co. Canaccord Genuity maintained it with “Buy” rating and $18 target price in Tuesday, March 15 report. Canaccord Genuity initiated it with “Buy” rating and $16 target price in Thursday, January 21 report. As per Tuesday, August 11, the company rating was downgraded by Zacks. The rating was initiated by Wunderlich on Friday, April 15 with “Buy”.
According to Zacks Investment Research, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders.”
Insitutional Activity: The institutional sentiment increased to 2.33 in Q2 2016. Its up 1.01, from 1.32 in 2016Q1. The ratio improved, as 8 funds sold all PFSweb, Inc. shares owned while 13 reduced positions. 22 funds bought stakes while 27 increased positions. They now own 13.21 million shares or 10.82% more from 11.92 million shares in 2016Q1.
New York State Common Retirement Fund owns 11,000 shares or 0% of their US portfolio. Bank & Trust Of New York Mellon Corporation last reported 101,979 shares in the company. Northpointe Ltd Liability Com has invested 0.02% of its portfolio in PFSweb, Inc. (NASDAQ:PFSW). Wedge Cap L Limited Partnership Nc has 1.38 million shares for 0.5% of their US portfolio. G2 Invest Prtn Management Ltd Liability holds 89,899 shares or 0.39% of its portfolio. Moreover, D E Shaw And has 0% invested in PFSweb, Inc. (NASDAQ:PFSW) for 17,839 shares. Timpani Mgmt Limited Liability last reported 0.68% of its portfolio in the stock. Walleye Trading Lc owns 11,500 shares or 0% of their US portfolio. Essex Mngmt Ltd accumulated 82,535 shares or 0.13% of the stock. Rice Hall James Assocs Limited has 0.07% invested in the company for 119,660 shares. Blackrock Mngmt Limited Com accumulated 0% or 56,019 shares. Vanguard Group accumulated 567,008 shares or 0% of the stock. Airain Limited, a Guernsey-based fund reported 13,430 shares. Blackrock Fund Advsr accumulated 383,264 shares or 0% of the stock. State Street has 0% invested in the company for 173,031 shares.
Insider Transactions: Since April 14, 2016, the stock had 0 insider purchases, and 3 insider sales for $607,665 net activity. Johnson Elizabeth also sold $88,020 worth of PFSweb, Inc. (NASDAQ:PFSW) shares. Shares for $355,611 were sold by Stephan Steven on Wednesday, May 25. BEATSON DAVID I sold 2,000 shares worth $20,242. $231,812 worth of PFSweb, Inc. (NASDAQ:PFSW) shares were sold by WILLOUGHBY MICHAEL C.
More news for PFSweb, Inc. (NASDAQ:PFSW) were recently published by: Globenewswire.com, which released: “PFSweb to Present at Upcoming Investor Conferences” on September 06, 2016. Seekingalpha.com‘s article titled: “Solid 2015 For PFSweb Sets It Up For Strong 2016” and published on January 31, 2016 is yet another important article.
PFSW Company Profile
PFSWEB, Inc., incorporated on June 28, 1999, is a global well-known 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. The Firm operates through two divisions: PFSweb, and Business and Retail Connect. PFSweb is a global well-known provider of various infrastructure, technology and digital agency solutions and operates as a service fee business. In the Business and Retail Connect segment, subsidiaries of the Company purchase inventory from clients and resell the inventory to client customers. The Company’s solutions support direct-to-consumer (DTC), business-to-business (B2B) and retail sales channels.
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