Millennium Management LLC trimmed its holdings in shares of PFSweb, Inc. (NASDAQ:PFSW) by 44.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 72,497 shares of the business services provider’s stock after selling 58,782 shares during the period. Millennium Management LLC owned approximately 0.38% of PFSweb worth $705,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in shares of PFSweb during the 2nd quarter worth approximately $131,000. Bank of Montreal Can bought a new position in PFSweb during the 2nd quarter worth approximately $139,000. Schwab Charles Investment Management Inc. bought a new position in PFSweb during the 2nd quarter worth approximately $279,000. Macquarie Group Ltd. boosted its stake in PFSweb by 15.7% during the 2nd quarter. Macquarie Group Ltd. now owns 40,853 shares of the business services provider’s stock worth $397,000 after acquiring an additional 5,540 shares during the last quarter. Finally, EAM Investors LLC bought a new position in PFSweb during the 2nd quarter worth approximately $671,000. 61.06% of the stock is owned by institutional investors.
PFSW has been the topic of a number of research reports. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, October 11th. B. Riley set a $12.00 price target on shares of PFSweb and gave the company a “buy” rating in a research note on Friday, November 9th. Finally, ValuEngine downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. PFSweb has a consensus rating of “Buy” and an average price target of $10.25.
PFSW traded down $0.15 during trading on Friday, reaching $6.15. 24,784 shares of the stock were exchanged, compared to its average volume of 34,148. The company has a market cap of $121.33 million, a price-to-earnings ratio of 30.75 and a beta of 0.33. PFSweb, Inc. has a twelve month low of $6.11 and a twelve month high of $11.86. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. PFSweb had a net margin of 0.47% and a return on equity of 13.65%. The firm had revenue of $77.70 million for the quarter, compared to the consensus estimate of $75.93 million. As a group, research analysts forecast that PFSweb, Inc. will post 0.26 earnings per share for the current year.
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PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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