The stock of Stamps.com Inc. (NASDAQ:STMP) is a huge mover today! The stock increased 3.48% or $3.28 during the last trading session, hitting $97.55. About 536,914 shares traded hands or 60.34% up from the average. Stamps.com Inc. (NASDAQ:STMP) has declined 15.14% since March 29, 2016 and is downtrending. It has underperformed by 18.62% the S&P500.
The move comes after 6 months positive chart setup for the $1.76B company. It was reported on Oct, 31 by Barchart.com. We have $145.35 PT which if reached, will make NASDAQ:STMP worth $862.40M more.
Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on November, 3. They expect $1.18 EPS, up 21.65% or $0.21 from last year’s $0.97 per share. STMP’s profit will be $21.29 million for 20.67 P/E if the $1.18 EPS becomes a reality. After $1.48 actual EPS reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -20.27% negative EPS growth.
Stamps.com Inc. (NASDAQ:STMP) Ratings Coverage
Out of 6 analysts covering Stamps.com (NASDAQ:STMP), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Stamps.com has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Singular Research given on Monday, October 19. The rating was downgraded by Sidoti to “Neutral” on Monday, November 9. The firm has “Buy” rating given on Tuesday, January 12 by Sidoti. The rating was maintained by Northland Capital with “Outperform” on Friday, November 6. Singular Research maintained the shares of STMP in a report on Monday, November 9 with “Buy” rating. The firm has “Sell” rating given on Thursday, July 14 by Prescience Point. The firm has “Buy” rating given on Friday, November 6 by B. Riley & Co. The firm has “Neutral” rating by B Riley given on Friday, August 7.
According to Zacks Investment Research, “Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Their core mailing and shipping services are designed to allow individual consumers or employees of small businesses or larger enterprises to select a carrier, print US postage or shipping labels from multiple carriers, schedule a pick-up, track a package and apply enterprise-wide business rules to manage and account for mailing and shipping costs.”
Insitutional Activity: The institutional sentiment decreased to 1.34 in 2016 Q2. Its down 0.02, from 1.36 in 2016Q1. The ratio turned negative, as 46 funds sold all Stamps.com Inc. shares owned while 54 reduced positions. 47 funds bought stakes while 87 increased positions. They now own 17.00 million shares or 5.63% more from 16.09 million shares in 2016Q1.
New York State Common Retirement Fund owns 31,588 shares or 0% of their US portfolio. Portolan Cap Limited Liability Corp last reported 309,742 shares in the company. Moreover, Commerzbank Aktiengesellschaft Fi has 0% invested in Stamps.com Inc. (NASDAQ:STMP) for 2,384 shares. Creative Planning accumulated 0% or 313 shares. Metropolitan Life Insurance Ny accumulated 0.01% or 11,771 shares. Timpani Cap Mngmt Limited Liability Company holds 29,071 shares or 1.08% of its portfolio. Stephens Investment Management Limited Co accumulated 137,685 shares or 0.4% of the stock. Harvest Capital Strategies Limited Liability Company accumulated 3.07% or 250,000 shares. Moreover, Paradigm Asset Mgmt Limited Liability Corporation has 0% invested in Stamps.com Inc. (NASDAQ:STMP) for 1,701 shares. Spot Trading Ltd Liability Corporation has 582 shares for 0% of their US portfolio. Putnam Invs Limited Liability accumulated 0.01% or 30,608 shares. Parallax Volatility Advisers Lp last reported 1,103 shares in the company. Cim Investment Mangement last reported 0.12% of its portfolio in the stock. American Century Companies has invested 0.01% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Oberweis Asset Inc last reported 107,330 shares in the company.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 5 insider sales for $2.23 million net activity. On Tuesday, May 24 BORTNAK JAMES sold $419,848 worth of the stock or 5,000 shares.
More notable recent Stamps.com Inc. (NASDAQ:STMP) news were published by: Fool.com which released: “Why Stamps.com Inc. Stock Fell 15%” on April 28, 2016, also Fool.com with their article: “Stamps.com Inc. Revenue Surges 74%” published on August 09, 2016, Fool.com published: “Stamps.com Inc. Sales Soar 86%” on May 14, 2016. More interesting news about Stamps.com Inc. (NASDAQ:STMP) were released by: Fool.com and their article: “Why Stamps.com Inc. Shares Soared” published on February 26, 2016 as well as Fool.com‘s news article titled: “Stamps.com Inc. Earnings Soar as Acquisitions Boost Results” with publication date: February 29, 2016.
STMP Company Profile
Stamps.com Inc., incorporated on January 9, 1998, is a well-known provider of Internet mailing and shipping solutions. The Firm operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s clients use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others. The Company’s clients include individuals, small businesses, home offices, medium-size businesses and large enterprises, and within these categories, the Company targets both mailers and shippers. In addition, the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s services and products include Mailing and Shipping Business and Customized Postage.
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