PFSweb (PFSW) is Reiterated by Lake Street to Buy, Lowers Price Target to $ 17

PFSweb (PFSW) was Reiterated by Lake Street to “Buy” while Lowering the Price Target of the company shares to $ 17 from a previous price target of $18 . Lake Street advised their investors in a research report released on Aug 9, 2016.

On the company’s financial health, PFSweb reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.04. The company had revenue of $77.20 million for the quarter, compared to analysts expectations of $70.74 million. The company’s revenue was up 22.2% compared to the same quarter last year.

PFSweb closed down -0.21 points or -2.11% at $9.75 with 1,39,363 shares getting traded on Monday. Post opening the session at $9.99, the shares hit an intraday low of $9.04 and an intraday high of $9.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 27, 2016, Steven Stephan (Senior Vice President) sold 27,047 shares at $13.10 per share price. According to the SEC, on May 26, 2016, Michael C Willoughby (Chief Executive Officer) sold 17,777 shares at $13.04 per share price. On Apr 15, 2016, Elizabeth Johnson (Senior Vice President) sold 6,000 shares at $14.67 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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