PFSweb, Inc. (NASDAQ:PFSW) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 167,100 shares, a drop of 11.3% from the July 31st total of 188,400 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 82,300 shares, the short-interest ratio is currently 2.0 days.

In related news, CFO Thomas J. Madden purchased 15,000 shares of PFSweb stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $2.14 per share, for a total transaction of $32,100.00. Following the transaction, the chief financial officer now owns 198,380 shares in the company, valued at $424,533.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have bought 21,000 shares of company stock valued at $46,875. Insiders own 6.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its stake in PFSweb by 31.7% in the 2nd quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,200 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in PFSweb in the 2nd quarter worth approximately $65,000. Marshall Wace LLP purchased a new stake in PFSweb in the 1st quarter worth approximately $104,000. Bank of America Corp DE grew its stake in 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 worth $105,000 after acquiring an additional 6,052 shares during the period. Finally, Hollow Brook Wealth Management LLC purchased a new stake in PFSweb in the 1st quarter worth approximately $114,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

Shares of PFSweb stock traded up $0.18 during trading on Friday, hitting $2.60. 28,500 shares of the company were exchanged, compared to its average volume of 71,238. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.49. PFSweb has a fifty-two week low of $2.03 and a fifty-two week high of $8.43. The stock has a market capitalization of $51.88 million, a price-to-earnings ratio of 10.68 and a beta of 0.79. The firm has a 50 day moving average price of $2.82 and a 200 day moving average price of $4.17.

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

Several research analysts recently issued reports on the company. ValuEngine downgraded PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Needham & Company LLC set a $5.00 price objective on PFSweb and gave the stock a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. PFSweb currently has an average rating of “Buy” and an average price target of $8.44.

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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