Company shares are trading at $224.40 which is marginally over $213.51, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $167.87. The 50 day moving average moved up $10.89 whereas the 200 day average was up by +33.67%. Trading volume for Stamps.com Inc. was 332K on Tuesday. Shares saw a steep increase in trading volume of 3.36% over the normal average daily volume.
Short traders are feeling a little more bullish recently considering the decrease in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -3.90%. Short interest decreased 93,419 over that timeframe. Days to cover decreased from 7.0 to 7.0 and the percentage of shorted shares is 0.14% as of October 13.
Here is a rundown on some insider market activity for Stamps.com Inc. (NASDAQ:STMP). Sebastian Buerba, Chief Marketing Officer reported the sale of 20,000 shares. The shares sold for $230.48. The Chief Marketing Officer now owns $73,523 of the stock per the Form 4 SEC filing. Chief Product & Strategy Offic John Roland Clem disclosed the sale of 10,000 shares of STMP stock. The shares were sold on October 25th for a price of $230.11. Clem now owns $899,730 of the stock according to the SEC filing.
Michael John Biswas, CTO sold $6,663,606 worth of shares at a price of $227.52 on October 24th. That brings Biswas’s holdings to $67,118 as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (STMP). First Trust Advisors Lp grew its holdings by buying 7,763 shares an increase of 85.8% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp controls 16,807 shares valued at $3,406,000. The total value of its holdings increased 143.1%. As of the end of the quarter Regions Financial Corp had disposed of a total of 10 shares trimming its stake by 50.0%. The value of the total investment in Stamps.com Inc. decreased from $3,000 to $2,000 decreasing 33.3% for the reporting period.
Aperio Group, LLC added to its investment by buying 156 shares an increase of 2.3% in the quarter. Aperio Group, LLC owns 6,865 shares worth $1,391,000. The value of the position overall is up by 33.9%. Dsam Partners (london) Ltd divested its position by selling 92,010 shares a decrease of 68.3%. Dsam Partners (london) Ltd claims 42,781 shares with a value of $8,670,000. The value of the position overall is down by 58.5%.
The P/E ratio is currently 36.29 and market cap is 3.79B. As of the last earnings report the EPS was $6.18 and is expected to be $8.05 for the current year with 16,908,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $2.20 and the next full year EPS is anticipated to be $8.44.
Stamps.com Inc., launched on January 9, 1998, is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia brands, customers use its United States Postal Service (USPS) only solutions to mail and ship a range of mail pieces and packages through the USPS. USPS mailing and shipping solutions enable users to print electronic postage directly onto envelopes, plain paper, or labels using only a standard personal computer, printer and Internet connection. Its solutions support a range of USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select and others..