PFSweb (PFSW) is Initiated by Wunderlich to Buy, Price Target at $19

PFSweb (PFSW) was Initiated by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $19. Wunderlich advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on PFSweb. Canaccord Genuity Initiated PFSweb on Jan 21, 2016 to “Buy”, Price Target of the shares are set at $16.

PFSweb opened for trading at $13.45 and hit $13.71 on the upside on Monday, eventually ending the session at $13.59, with a gain of 1.12% or 0.15 points. The heightened volatility saw the trading volume jump to 2,72,301 shares. Company has a market cap of $246 M.

In a different news, on Mar 30, 2016, David I Beatson (director) sold 2,128 shares at $13.16 per share price. According to the SEC, on Dec 11, 2015, Michael C Willoughby (Chief Executive Officer) sold 15,000 shares at $11.97 per share price. On Aug 14, 2015, James F Reilly (director) sold 18,384 shares at $13.49 per share price, according to the Form-4 filing with the securities and exchange commission.

PFSWEB Inc. is a global provider of omni-channel commerce solutions including a range of technology infrastructure and professional services. Its service offerings include Website design creation and integration digital agency and marketing eCommerce technologies order management customer care logistics and fulfillment financial management and professional consulting. The Company operates through two primary segments: PFSweb and Business and Retail Connect. PFSweb is a global 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. Marketed as PFSweb’s End2End eCommerce solution and PFSweb Infinite Commerce (iCommerce) the services offered by the Company are categories as Digital Agency Services Technology Services Infrastructure Services and Technology Ecosystem.


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