B.Riley FBR Sticks to Its Buy Rating for PFSweb (PFSW)

By Austin Angelo

In a report released today, Kara Anderson from B.Riley FBR maintained a Buy rating on PFSweb (PFSWResearch Report), with a price target of $4.50. The company’s shares closed last Monday at $2.50, close to its 52-week low of $2.03.

Anderson commented:

“PFSweb, Inc. (PFSW, $4.50 PT) is a global end-to-end multi-channel commerce services provider trading at just 4.6x its FY19 guide after its LiveArea business failed to achieve new business growth objectives and PFS operations was hit with two client bankruptcies. Having the benefit of reevaluating PFSW at its new level, we are resuming coverage of Buy rating and $4.50 price target as we believe the underlying strength in its operations business unit (PFS) has been lost on investors and we believe there is immense focus from management to right size its professional services business (LiveArea) in FY20. Year-to-date PFS Operations (which represents about ~65% of its service fee equivalent revenue) is on pace for a record setting year of bookings with the annual contract value for bookings year-to-date more than double last year.”

According to TipRanks.com, Anderson is ranked #1143 out of 5554 analysts.

Currently, the analyst consensus on PFSweb is a Moderate Buy with an average price target of $4.75.

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PFSweb’s market cap is currently $48.58M and has a P/E ratio of 121.36. The company has a Price to Book ratio of 1.07.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PFSW in relation to earlier this year.

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PFSweb, Inc. engages in the provision of global commerce solutions. It operates through the LiveArea Professional Services, and PFS Operations.