Stamps.com Inc. (STMP) Could Help Your Portfolio. The Stock Formed Bullish Double Top

September 14, 2018 - By Tyler Harlow

Stamps.com Inc. (NASDAQ:STMP) Logo

Investors sentiment decreased to 1.18 in Q2 2018. Its down 0.07, from 1.25 in 2018Q1. It fall, as 25 investors sold Stamps.com Inc. shares while 87 reduced holdings. 54 funds opened positions while 78 raised stakes. 15.64 million shares or 3.92% less from 16.28 million shares in 2018Q1 were reported.
Millennium Limited Liability Com invested in 0% or 8,517 shares. Sanctuary Wealth Advisors Ltd Company has 5,868 shares. Piermont Capital Management Inc has 0.1% invested in Stamps.com Inc. (NASDAQ:STMP) for 1,330 shares. Mutual Of America Cap Mgmt Ltd Limited Liability Company stated it has 11,791 shares. Smith Asset Management Gru L P owns 3,362 shares or 0.02% of their US portfolio. Martingale Asset Ltd Partnership has invested 0.07% in Stamps.com Inc. (NASDAQ:STMP). 475,178 are owned by State Street. Polen Ltd Com reported 2,515 shares. Moreover, Legal General Grp Plc has 0.01% invested in Stamps.com Inc. (NASDAQ:STMP) for 36,577 shares. First Republic Management owns 48,956 shares. 166,162 are owned by Geode Cap Limited Liability. Caxton Limited Partnership stated it has 899 shares. Platinum Invest Ltd reported 2,600 shares. Swiss Bank & Trust reported 29,266 shares or 0.01% of all its holdings. Moreover, Bamco Ny has 0.02% invested in Stamps.com Inc. (NASDAQ:STMP).

Since March 15, 2018, it had 0 insider buys, and 20 selling transactions for $30.85 million activity. Another trade for 20,000 shares valued at $5.40 million was made by ANANDA MOHAN P on Monday, June 11. $925,933 worth of Stamps.com Inc. (NASDAQ:STMP) was sold by Clem John Roland. Another trade for 10,000 shares valued at $2.61M was made by JONES G BRADFORD on Friday, June 1. $5.42 million worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by Buerba Sebastian. Lipson Matthew A. sold 9,174 shares worth $1.88 million.

The chart of Stamps.com Inc. (STMP) shows a double top with $254.50 target or 7.00 % above today’s $237.85 share price. The 8 months chart pattern indicates low risk for the $4.32 billion company. It was reported on Sep, 14 by Finviz.com. If the $254.50 price target is reached, the company will be worth $302.26 million more. Double tops are rare but powerful chart patterns.

It closed at $237.85 lastly. It is down 20.89% since September 14, 2017 and is uptrending. It has outperformed by 5.27% the S&P500.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on November, 1. They expect $1.78 EPS, down 30.74 % or $0.79 from last year’s $2.57 per share. STMP’s profit will be $32.31 million for 33.41 P/E if the $1.78 EPS becomes a reality. After $2.31 actual EPS reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -22.94 % negative EPS growth.

Stamps.com Inc. (NASDAQ:STMP) Ratings Coverage

Among 4 analysts covering Stampscom (NASDAQ:STMP), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Stampscom had 6 analyst reports since April 23, 2018 according to SRatingsIntel. Craig Hallum maintained it with “Buy” rating and $26000 target in Friday, May 4 report. The rating was maintained by Maxim Group on Friday, June 22 with “Buy”. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Buy” rating by Craig Hallum on Monday, April 23. On Thursday, June 21 the stock rating was maintained by FBR Capital with “Buy”.

Another recent and important Stamps.com Inc. (NASDAQ:STMP) news was published by Seekingalpha.com which published an article titled: “US Senate postpones Postal Service hearing” on August 31, 2018.

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company has market cap of $4.32 billion. The firm offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service under the Stamps.com and Endicia brands. It has a 24.81 P/E ratio. The Company’s solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

Stamps.com Inc. (NASDAQ:STMP) Institutional Positions Chart

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