Shares of Stamps.com Inc. (NASDAQ:STMP) saw an uptick in trading volume on Monday . 2,956,220 shares changed hands during mid-day trading, an increase of 417% from the previous session’s volume of 571,460 shares.The stock last traded at $78.70 and had previously closed at $86.30.

Several research firms have issued reports on STMP. Zacks Investment Research cut 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 Friday, June 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $120.80.

The stock has a market cap of $1.38 billion and a PE ratio of 135.99. The firm has a 50-day moving average of $88.63 and a 200-day moving average of $95.67.

Stamps.com (NASDAQ:STMP) last released its earnings results on Monday, May 9th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.66. During the same period last 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 for the quarter was up 85.7% on a year-over-year basis. On average, equities analysts anticipate 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 firm’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 completion of the transaction, the insider now owns 6,093 shares of the company’s stock, valued at $571,949.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position 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 worth $1,439,000 after buying an additional 1,373 shares during the period. Comerica Bank increased its position in shares of 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. Suntrust Banks Inc. increased its position 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 worth $1,627,000 after buying an additional 2,767 shares during the period. Redwood Investments LLC increased its position 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 worth $1,869,000 after buying an additional 5,629 shares during the period. Finally, Rhumbline Advisers increased its position in shares of 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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