Shares of Stamps.com Inc. (NASDAQ:STMP) dropped 3.1% during trading on Friday . The stock traded as low as $71.77 and last traded at $72.46, with a volume of 1,287,755 shares trading hands. The stock had previously closed at $74.80.

STMP has been the subject of several recent analyst reports. Zacks Investment Research cut Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. B. Riley restated a “buy” rating and issued a $150.00 price target on shares of Stamps.com in a report on Friday, May 6th. Finally, Craig Hallum restated a “buy” rating on shares of Stamps.com in a report on Tuesday, July 12th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $111.60.

The stock has a market capitalization of $1.30 billion and a price-to-earnings ratio of 128.16. The stock has a 50 day moving average price of $87.55 and a 200 day moving average price of $94.98.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Monday, May 9th. The company reported $1.72 earnings per share 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 company’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities analysts expect that Stamps.com Inc. will post $6.02 earnings per share for the current fiscal year.

In other news, insider James Bortnak sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $83.97, for a total value of $419,850.00. Following the completion of the sale, the insider now owns 6,093 shares in the company, valued at $511,629.21. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several hedge funds have recently made changes to their positions in STMP. Employees Retirement System of Texas purchased a new stake in shares of Stamps.com during the fourth quarter valued at $1,973,000. Matarin Capital Management LLC purchased a new stake in shares of Stamps.com during the fourth quarter valued at $6,458,000. Redwood Investments LLC raised 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 during the period. US Bancorp DE raised 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 during the period. Finally, Suntrust Banks Inc. raised 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 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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