Investors Buy Shares of Stamps.com Inc. (STMP) on Weakness
Traders bought shares of Stamps.com Inc. (NASDAQ:STMP) on weakness during trading on Friday. $13.28 million flowed into the stock on the tick-up and $11.70 million flowed out of the stock on the tick-down, for a money net flow of $1.58 million into the stock. Of all stocks tracked, Stamps.com had the 23rd highest net in-flow for the day. Stamps.com traded down ($2.14) for the day and closed at $86.30
A number of analysts have commented on the company. B. Riley reiterated a “buy” rating and set a $150.00 target price on shares of Stamps.com in a research report on Tuesday, May 17th. Zacks Investment Research cut Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Stamps.com has an average rating of “Buy” and a consensus price target of $120.80.
The company’s 50-day moving average is $88.70 and its 200-day moving average is $96.14. The firm has a market capitalization of $1.51 billion and a PE ratio of 148.03.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Monday, May 9th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.06 by $0.66. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business earned $81.80 million during the quarter, compared to analyst estimates of $68.73 million. The firm’s revenue was up 85.7% compared to the same quarter last year. Equities research analysts predict that Stamps.com Inc. will post $6.02 EPS for the current fiscal year.
In related news, insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $86.30, for a total value of $431,500.00. Following the sale, the insider now directly owns 6,093 shares in the company, valued at approximately $525,825.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Other hedge funds have bought and sold shares of the company. Matarin Capital Management LLC acquired a new stake in Stamps.com during the fourth quarter valued at approximately $6,458,000. Redwood Investments LLC boosted 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 valued at $1,869,000 after buying an additional 5,629 shares in the last quarter. US Bancorp DE boosted 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 valued at $1,439,000 after buying an additional 1,373 shares in the last quarter. Suntrust Banks Inc. boosted 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 valued at $1,627,000 after buying an additional 2,767 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stamps.com by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 101,921 shares of the company’s stock valued at $11,171,000 after buying an additional 4,711 shares in the last quarter.
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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