Perritt Capital Management Inc. cut its holdings in shares of PFSweb, Inc. (NASDAQ:PFSW) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,644 shares of the business services provider’s stock after selling 20,493 shares during the quarter. Perritt Capital Management Inc.’s holdings in PFSweb were worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of PFSweb by 7.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock worth $193,000 after purchasing an additional 2,700 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of PFSweb by 31.7% in the 2nd quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock valued at $54,000 after buying an additional 3,200 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of PFSweb by 4.1% in the 2nd quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock valued at $582,000 after buying an additional 5,672 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of PFSweb by 41.7% in the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock valued at $105,000 after buying an additional 6,052 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of PFSweb by 2.1% in the second quarter. Renaissance Technologies LLC now owns 593,839 shares of the business services provider’s stock valued at $2,405,000 after buying an additional 12,200 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

In other PFSweb news, CFO Thomas J. Madden acquired 15,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $2.14 per share, with a total value of $32,100.00. Following the completion of the transaction, the chief financial officer now directly owns 198,380 shares in the company, valued at approximately $424,533.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 21,000 shares of company stock valued at $46,875. Insiders own 6.50% of the company’s stock.

A number of equities analysts recently weighed in on PFSW shares. ValuEngine downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Needham & Company LLC set a $5.00 price target on shares of PFSweb and gave the company a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $8.44.

NASDAQ:PFSW traded down $0.17 during mid-day trading on Wednesday, hitting $2.50. The stock had a trading volume of 309 shares, compared to its average volume of 61,330. PFSweb, Inc. has a twelve month low of $2.03 and a twelve month high of $8.77. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a market cap of $46.54 million, a price-to-earnings ratio of 9.58 and a beta of 0.79. The company’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $4.19.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $68.51 million for the quarter. PFSweb had a return on equity of 10.54% and a net margin of 0.15%.

About PFSweb

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. 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 design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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Institutional Ownership by Quarter for PFSweb (NASDAQ:PFSW)

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