Pitney Bowes, Inc (NYSE: PBI) is 64.32% higher on its value in year-to-date trading and has touched a low of $3.68 and a high of $8.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBI stock was last observed hovering at around $7.15 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $7.23, the stock is -7.63% and -4.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.09 million and changing 1.12% at the moment leaves the stock 17.83% off its SMA200. PBI registered 82.12% gain for a year compared to 6-month gain of 51.89%. The firm has a 50-day simple moving average (SMA 50) of $7.5428 and a 200-day simple moving average (SMA200) of $6.13595.
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The stock witnessed a -3.73% loss in the last 1 month and extending the period to 3 months gives it a 2.41%, and is -6.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.11% over the week and 4.04% over the month.
Pitney Bowes, Inc (PBI) has around 10500 employees, a market worth around $1.33B and $2.99B in sales. Fwd P/E is 6.89. Profit margin for the company is -5.72%. Distance from 52-week low is 96.47% and -17.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.37%).
with sales reaching $509.65M over the same period.The EPS is expected to grow by 825.00% this year, but quarterly earnings will post -19.40% year-over-year. Quarterly sales are estimated to shrink -41.53% in year-over-year returns.
Pitney Bowes, Inc (PBI) Top Institutional Holders
355.0 institutions hold shares in Pitney Bowes, Inc (PBI), with institutional investors hold 71.80% of the company’s shares. The shares outstanding are 181.34M, and float is at 163.11M with Short Float at 7.62%. Institutions hold 70.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.42 million shares valued at $93.57 million. The investor’s holdings represent 10.4064% of the PBI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.77 million shares valued at $85.19 million to account for 9.4742 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.38 million shares representing 3.6059% and valued at over $32.42 million, while GOLDMAN SACHS GROUP INC holds 2.3735 of the shares totaling 4.2 million with a market value of $21.34 million.
Pitney Bowes, Inc (PBI) Insider Activity
The most recent transaction is an insider sale by Freemen-Bosworth Lauren, the company’s EVP/Gen Counsel & Corp Sec. SEC filings show that Freemen-Bosworth Lauren sold 42,308 shares of the company’s common stock on Nov 29 ’24 at a price of $8.12 per share for a total of $0.34 million. Following the sale, the insider now owns 18664.0 shares.
Still, SEC filings show that on Nov 22 ’24, JOSEPH SCHMITT (Officer) Proposed Sale 20,176 shares at an average price of $8.06 for $0.16 million. The insider now directly holds shares of Pitney Bowes, Inc (PBI).
