B.Riley FBR Sticks to Its Buy Rating for PFSweb

By Jason Carr

B.Riley FBR analyst Kara Anderson maintained a Buy rating on PFSweb (NASDAQ: PFSW) today and set a price target of $11. The company’s shares closed yesterday at $7.81.

Anderson observed:

“Buy-rated PFSweb, Inc. (PFSW, $11 PT) will report 4Q17 results after market close, Thursday, March 15 and hold a conference call to discuss quarterly earnings at 5:00 p.m. ET, which can be accessed by dialing (888) 882-4478 and providing passcode 1550370. We model service fee equivalent (SFE) revenue of $65.3 million, adjusted EBITDA of $7.5 million, and EPS of $0.17 versus consensus $64.7 million, $7.9 million, and $0.18. The Street and our model are near the midpoint of management’s FY17 guide that was revised down last quarter due to adverse timing of new operations engagements, slowing in professional services in the UK, and most meaningfully on the unexpected notification that Starbucks would be shutting down its direct ecommerce site. 2017 has no doubt proved to be a challenging year for PFS with deliberately higher churn of lower profit engagements and the above mentioned events.”

According to TipRanks.com, Anderson is a 3-star analyst with an average return of 2.6% and a 44.0% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and Nutrisystem Inc.

PFSweb has an analyst consensus of Moderate Buy, with a price target consensus of $11.

The company has a one-year high of $8.88 and a one-year low of $5.83. Currently, PFSweb has an average volume of 26.15K.

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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.