There has been some selling insider activity on Stamps.com Inc. (NASDAQ:STMP) recently. John Roland Clem, Chief Product & Strategy Offic sold $888,480 worth of shares at an average price of $144.00 on June 7th. Clem now owns $563,040 of stock per an SEC filing yesterday. Chief Strategy Officer Amine Khechfe let go of 1,200 shares at an average price of $137.85 on Thu the 1st. That brings Khechfe’s holdings to $23,710 as reported to the SEC.
Seth Weisberg, CLO reported the sale of 5,000 shares of STMP stock. The shares were sold on May 26th for a price of $140.56. Weisberg now owns $3,172,720 of the stock per the Form 4 SEC filing.
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..
Here are a few other firms who have also updated their positions. Piedmont Investment Advisors LLC augmented its investment by buying 6,665 shares an increase of 113.5% in the quarter. Piedmont Investment Advisors LLC now holds 12,536 shares worth $1,484,000. The total value of its holdings increased 120.5%. Morgan Stanley added to its stake by buying 23 shares an increase of 0.6% from 12/31/2016 to 03/31/2017. Morgan Stanley now controls 4,013 shares valued at $475,000. The value of the position overall is up by 3.9%.
As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 1,461 shares trimming its position 97.7%. The value of the investment in Stamps.com Inc. decreased from $171,000 to $4,000 a change of $167,000 quarter over quarter. Goldman Sachs Group Inc expanded its holdings by buying 1,020 shares an increase of 37.3%. Goldman Sachs Group Inc currently owns 3,751 shares with a value of $444,000. The total value of its holdings increased 41.9%.
On July 28 analysts at Roth Capital released its first research report on the stock giving it an initial rating of “Buy”. Prescience Point issued its first research report on the stock with a rating of “Sell” and establishing a price target of $15.00.
On November 6, 2015 the stock rating was rated “Buy” according to a B. Riley report which is up from the previous “Neutral” rating. Equity analyst Singular Research started coverage with an initial rating of “Buy” and setting a price target of $93.00.
The company is now up by 1.17 percent from yesterday’s close. Shares last traded at $146.50 which is marginally higher than $121.42, the stock’s 50 day moving average and a tad above the 200 day moving average of $119.42. The 50 day moving average went up by +20.65% and the 200 day average was up $27.08.
The P/E ratio is currently 27.95 and the market value is 2.48B. As of the latest earnings report the EPS was $5.24 and is expected to be $7.30 for the current year with 16,938,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.77 and the next full year EPS is anticipated to be $7.78.
Traders are a little more bearish on Stamps.com Inc. recently if you look at the rise in short interest. The firm realized a rise in short interest of 31.39% between April 28, 2017 and May 15, 2017. Short interest grew 1,339,914 over that period. With short interest at 5,609,061 and short average daily volume at 1,077,623, days to cover is 5.2 and the percentage of shorted shares is 0.33% as of May 15.