Pitney Bowes, Inc (NYSE: PBI) is 48.48% higher on its value in year-to-date trading and has touched a low of $3.73 and a high of $10.81 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 $10.65 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $10.75, the stock is 18.05% and 32.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 0.94% at the moment leaves the stock 55.55% off its SMA200. PBI registered 162.20% gain for a year compared to 6-month gain of 49.51%.
The stock witnessed a 48.28% loss in the last 1 month and extending the period to 3 months gives it a 48.07%, and is 23.00% up 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 6.55% over the week and 5.32% over the month.
Pitney Bowes, Inc (PBI) has around 10500 employees, a market worth around $1.95B and $2.64B in sales. Current P/E ratio is 149.72 and Fwd P/E is 8.43. Profit margin for the company is 0.59%. Distance from 52-week low is 188.20% and -0.56% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $498.99M over the same period.The EPS is expected to grow by 45.73% this year, but quarterly earnings will post -2.04% year-over-year. Quarterly sales are estimated to shrink -39.92% in year-over-year returns.
The shares outstanding are 181.70M, and float is at 178.38M with Short Float at 6.32%.
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 Wolf Kurt James, the company’s Director. SEC filings show that Wolf Kurt James sold 1,250,000 shares of the company’s common stock on Feb 12 ’25 at a price of $9.66 per share for a total of $12.07 million. Following the sale, the insider now owns 0.62 million shares.
Pitney Bowes, Inc disclosed in a document filed with the SEC on Feb 13 ’25 that Wolf Kurt James (Director) sold a total of 276,393 shares of the company’s common stock. The trade occurred on Feb 13 ’25 and was made at $10.65 per share for $2.94 million. Following the transaction, the insider now directly holds 0.61 million shares of the PBI stock.
Still, SEC filings show that on Feb 14 ’25, Wolf Kurt James (Director) disposed off 78,285 shares at an average price of $10.66 for $0.83 million. The insider now directly holds 606,289 shares of Pitney Bowes, Inc (PBI).
