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

Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $150.00 target price on shares of Stamps.com in a research note on Wednesday, June 15th. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $120.80.

The firm’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 P/E ratio of 148.03.

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

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

Other large investors have recently modified their holdings of the company. Matarin Capital Management LLC purchased a new stake in shares of Stamps.com during the fourth quarter valued at approximately $6,458,000. Redwood Investments LLC increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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. increased its stake in shares of 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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