November 28, 2016 - By Marguerite Chambers
As announced in a legally required document that’s filled with the Washington-based SEC on November 28, 2016, James Bortnak, Co-President and Corp & BusDev of Stamps.Com Inc and a well informed person, unloaded 5,000 shares of the firm and paid for these around $566,439 US Dollars based on an average price per share of $113.3. James Bortnak now indirectly owns 0 shares. He also directly owns 1093 shares. In total he holds a stake of 0.01%.
Out of 6 analysts covering Stamps.com (NASDAQ:STMP), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $116 is the highest target while $15 is the lowest. The $81.83 average target is -26.35% below today’s ($111.1) stock price. Stamps.com has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, November 6 by Northland Capital. The stock has “Buy” rating given by B. Riley & Co on Friday, November 6. Sidoti upgraded the shares of STMP in a report on Tuesday, January 12 to “Buy” rating. The stock has “Buy” rating given by Singular Research on Monday, November 9. As per Thursday, July 14, the company rating was initiated by Prescience Point. Singular Research initiated Stamps.com Inc. (NASDAQ:STMP) rating on Monday, October 19. Singular Research has “Buy” rating and $93 price target. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Neutral” rating by Sidoti on Monday, November 9. The company was maintained on Friday, August 7 by B Riley.
Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.08, from 1.34 in 2016Q1. The ratio is 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.
The California-based Fuller Thaler Asset Mngmt has invested 0.16% in Stamps.com Inc. (NASDAQ:STMP). Gamco Et Al last reported 0.02% of its portfolio in the stock. Moreover, Allianz Asset Ag has 0.01% invested in Stamps.com Inc. (NASDAQ:STMP) for 105,648 shares. S&Co Inc has 3,000 shares for 0.04% of their US portfolio. Blackrock Fund Advsrs last reported 1.01 million shares in the company. Ubs Oconnor Ltd Liability Co has 33,907 shares for 0% of their US portfolio. Fifth Third Bancshares has 20 shares for 0% of their US portfolio. Spot Trading Ltd Company last reported 0% of its portfolio in the stock. Rainier Management Limited Liability Company owns 83,780 shares or 0.35% of their US portfolio. Shinko Asset Limited holds 0.03% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 41,176 shares. Bancorp Of Montreal Can has 844 shares for 0% of their US portfolio. Tudor Invest Et Al holds 0.03% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 15,766 shares. Princeton Alpha Management L P holds 6,298 shares or 0.1% of its portfolio. Bluecrest Cap Management Ltd has 0.05% invested in the company for 14,139 shares. Moreover, Teachers Advsrs Incorporated has 0.02% invested in Stamps.com Inc. (NASDAQ:STMP) for 138,692 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 5 insider sales for $5.59 million net activity. Shares for $472,692 were sold by BORTNAK JAMES. The insider MILLER LLOYD I III sold $3.78M.
About 179,708 shares traded hands. Stamps.com Inc. (NASDAQ:STMP) has risen 20.38% since April 25, 2016 and is uptrending. It has outperformed by 14.37% the S&P500.
Stamps.com Inc. is a provider of Internet mailing and shipping solutions. The company has a market cap of $1.90 billion. The Firm operates through the Internet Mailing and Shipping Services segment. It has a 44.07 P/E ratio. 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 mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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.”
Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 23. They expect $1.84 earnings per share, up 70.37% or $0.76 from last year’s $1.08 per share. STMP’s profit will be $31.47 million for 15.10 P/E if the $1.84 EPS becomes a reality. After $1.84 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More notable recent Stamps.com Inc. (NASDAQ:STMP) news were published by: Fool.com which released: “Acquisitions Drive Stamps.com Inc. Earnings Sharply Higher” on November 08, 2016, also Fool.com with their article: “Why Stamps.com Inc. Stock Fell 15%” published on April 28, 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. Revenue Surges 74%” with publication date: August 09, 2016.
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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