Teton Advisors Inc. Increases Stock Position in PFSweb, Inc. (NASDAQ:PFSW)

Teton Advisors Inc. boosted its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,330 shares of the business services provider’s stock after buying an additional 42,000 shares during the quarter. Teton Advisors Inc. owned 2.08% of PFSweb worth $1,633,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PFSW. Alambic Investment Management L.P. boosted its stake in shares of PFSweb by 74.7% in the first quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 53,096 shares during the period. BlackRock Inc. boosted its stake in shares of PFSweb by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock valued at $5,362,000 after purchasing an additional 5,918 shares during the period. Hollow Brook Wealth Management LLC purchased a new position in shares of PFSweb in the first quarter valued at approximately $114,000. Acadian Asset Management LLC boosted its stake in shares of PFSweb by 4.8% in the first quarter. Acadian Asset Management LLC now owns 138,028 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 6,295 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of PFSweb by 41.7% in the fourth quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 6,052 shares during the period. 58.27% of the stock is owned by institutional investors.

Several research firms have recently commented on PFSW. Needham & Company LLC set a $5.00 price objective on shares of PFSweb and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine raised shares of PFSweb from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TheStreet cut shares of PFSweb from a “c-” rating to a “d” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.44.

NASDAQ:PFSW traded up $0.01 during mid-day trading on Monday, hitting $2.67. The stock had a trading volume of 100 shares, compared to its average volume of 65,906. The stock has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $4.64. The company has a market capitalization of $49.55 million, a PE ratio of 10.20 and a beta of 0.66. PFSweb, Inc. has a twelve month low of $2.50 and a twelve month high of $8.98. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

PFSweb Company Profile

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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