Cowen & Company Initiates Coverage on PFSweb to Outperform

Cowen & Company Initiates Coverage on PFSweb(NASDAQ:PFSW). The shares have been rated Outperform. The rating by Cowen & Company was issued on Aug 9, 2016.

PFSweb (PFSW) shares turned negative on Wednesdays trading session with the shares closing down -0.19 points or -1.91% at a volume of 1,57,607. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.95. The peak price level was also seen at $9.95 while the days lowest was $9.57. Finally the shares closed at $9.74. The 52-week high of the shares is $16.54 while the 52-week low is $9.0311. According to the latest information available, the market cap of the company is $182 M.

PFSweb(PFSW) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $77.20M. Analysts had an estimated revenue of $70.74M. Earnings per share were $0.01. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Steven Stephan (Senior Vice President) sold 27,047 shares at $13.10 per share price.Also, 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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