Stamps.com Inc. (NASDAQ:STMP)’s share price dropped 0.5% during trading on Friday . The company traded as low as $87.89 and last traded at $87.97, with a volume of 222,460 shares traded. The stock had previously closed at $88.44.

STMP has been the subject of a number of analyst reports. Zacks Investment Research lowered Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. B. Riley reaffirmed a “buy” rating and issued a $150.00 price target on shares of Stamps.com in a report on Wednesday, June 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $120.80.

The company has a 50 day moving average price of $88.46 and a 200 day moving average price of $96.28. The company has a market cap of $1.51 billion and a PE ratio of 148.03.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Monday, May 9th. The company reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.66. During the same period in the previous year, the business posted $0.72 EPS. The business earned $81.80 million during the quarter, compared to the consensus estimate of $68.73 million. The firm’s revenue was up 85.7% on a year-over-year basis. Equities analysts predict that Stamps.com Inc. will post $6.02 earnings per share for the current year.

In related news, insider James Bortnak sold 5,000 shares of the stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $93.87, for a total value of $469,350.00. Following the completion of the transaction, the insider now owns 6,093 shares of the company’s stock, valued at approximately $571,949.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds have recently bought and sold shares of STMP. US Bancorp DE raised its stake in Stamps.com by 11.7% in the fourth quarter. US Bancorp DE now owns 13,136 shares of the company’s stock worth $1,439,000 after buying an additional 1,373 shares during the period. Suntrust Banks Inc. raised its stake in Stamps.com by 22.9% in the fourth quarter. Suntrust Banks Inc. now owns 14,856 shares of the company’s stock worth $1,627,000 after buying an additional 2,767 shares during the period. Comerica Bank raised its stake in Stamps.com by 0.9% in the fourth quarter. Comerica Bank now owns 15,151 shares of the company’s stock worth $1,527,000 after buying an additional 140 shares during the period. Redwood Investments LLC raised its stake in Stamps.com by 49.3% in the fourth quarter. Redwood Investments LLC now owns 17,053 shares of the company’s stock worth $1,869,000 after buying an additional 5,629 shares during the period. Finally, Rhumbline Advisers raised its stake in Stamps.com by 11.8% in the fourth quarter. Rhumbline Advisers now owns 18,214 shares of the company’s stock worth $1,996,000 after buying an additional 1,921 shares during the period.

Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers 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.

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