There has been some buying and selling insider activity on Stamps.com Inc. (NASDAQ:STMP) recently. Today G. Bradford Jones, Director disclosed the purchase of 10,000 shares of (STMP). The shares were bought on March 15th for an average price of $113.15. Jones now owns $6,481,911 of the stock per the Form 4 SEC filing. Lloyd I. Iii Miller, Director sold $315,162 worth of shares at an average price of $123.11 on Mon the 7th. That brings Miller’s holdings to $12,969,639 as recorded in a recent Form 4 SEC filing.
James Bortnak, Co-President and Corp & BusDev sold $471,431 worth of shares at an average price of $94.57 on Mon the 25th. The Co-President and Corp & BusDev now owns $69,887 of the stock per an SEC filing yesterday.
Here are a few other firms who have also updated their positions. As of the end of the quarter Mason Street Advisors, LLC had acquired 662 shares growing its position 27.5%. The value of the company’s investment in Stamps.com Inc. went from $264,000 to $268,000 increasing 1.5% for the reporting period. Royal Bank Of Canada added to its stake by buying 1,327 shares an increase of 16,587.5%. Royal Bank Of Canada now holds 1,335 shares worth $117,000. The value of the position overall is up by 11,600.0%.
Howe & Rusling Inc divested its position by shedding 110 shares a decrease of 37.9% as of 06/30/2016. Howe & Rusling Inc currently owns 180 shares valued at $16,000. The total value of its holdings decreased 48.4%. As of quarter end Ifp Advisors, Inc had bought a total of 12 shares growing its holdings by 44.4%. The value of the investment in Stamps.com Inc. decreased from $3,000 to $3,000 a change of 0.0% quarter to quarter.
On July 28 analysts at Roth Capital starting coverage on STMP giving it an initial rating of “Buy”. On July 14, 2016 Prescience Point began coverage of the stock with an initial rating of “Sell” and setting a price target of $15.00.
On November 6 the company was upgraded to “Buy” from “Neutral” in a report from B. Riley. Singular Research added STMP to its research portfolio by announcing an initial rating of “Buy” and a price target of $93.00.
The company is so far trading up since yesterday’s close of $94.24. It is trading at $94.92 which is a tad above $91.19, the stock’s 50 day moving average and marginally over the 200 day moving average of $90.11. The 50 day moving average went up by +4.09% whereas the 200 day average was up by +5.33%.
The P/E ratio is 48.06 and market cap is 1.64B. As of the latest earnings report the EPS was $1.98 and is estimated to be $7.11 for the current year with 17,268,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.89 and the next full year EPS is projected to be $7.28.
Short traders are feeling a little more bullish on shares of Stamps.com Inc. recently as indicated by the decrease in short interest. The firm realized a fall in short interest of -0.01% as of September 15, 2016 from the last reporting period. Short interest fell 48,561 over that timeframe. The short-interest ratio decreased to 7.0 and the percentage of shorted shares was 0.23% on September 15.