PFSweb (PFSW) Receives a Buy from B.Riley FBR


In a report released today, Kara Anderson from B.Riley FBR maintained a Buy rating on PFSweb (PFSW), with a price target of $12. The company’s shares opened today at $7.77.

Anderson commented:

“Buy-rated PFSweb, Inc. (PFSW, $12 PT) reported an adjusted EBITDA and EPS beat, but revenue missed slightly as softness at LiveArea persisted could only partially be offset by stronger volumes and execution at PFS operations which is benefitting from the company’s strategic shift to pursue higher profit engagements over a year ago. Service fee equivalent (SFE) revenue of $53.3 million and adjusted EBITDA of $5.5 million were in comparison to consensus $54.9 million and $5.0 million, respectively. With 3Q’s mixed results and a similar dynamic expected in the fourth quarter, supported by expectations for a strong holiday period with more selling days available and following record volumes this year, PFSweb lowered its SFE revenue outlook, while simultaneously maintaining its adjusted EBITDA guide.”

According to TipRanks.com, Anderson is a 3-star analyst with an average return of 4.0% and a 43.5% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and PCM Inc.

Currently, the analyst consensus on PFSweb is a Moderate Buy with an average price target of $11.50.

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The company has a one-year high of $11.86 and a one-year low of $6.50. Currently, PFSweb has an average volume of 43.51K.

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PFSweb, Inc. is global commerce service provider, which engages in delivering integrated technologies, professional services and a worldwide network of systems and logistics to deliver global commerce solutions. It operates through PFSweb, and Business and Retail Connect segments.

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