Stamps.com Inc. (STMP) Stock Price Up 4.5%
Stamps.com Inc. (NASDAQ:STMP)’s share price rose 4.5% during trading on Friday . The stock traded as high as $76.39 and last traded at $76.03, with a volume of 924,504 shares traded. The stock had previously closed at $72.73.
STMP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, July 13th. Craig Hallum restated a “buy” rating on shares of Stamps.com in a report on Tuesday, July 12th. Finally, B. Riley restated a “buy” rating and set a $150.00 price target on shares of Stamps.com in a report on Wednesday, June 15th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $111.60.
The company has a market capitalization of $1.35 billion and a price-to-earnings ratio of 132.76. The firm’s 50 day moving average is $85.63 and its 200-day moving average is $93.99.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data 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 period in the prior year, the firm posted $0.72 earnings per share. The company earned $81.80 million during the quarter, compared to the consensus estimate of $68.73 million. The company’s revenue was up 85.7% compared to the same quarter last year. On average, equities analysts forecast that Stamps.com Inc. will post $6.02 EPS for the current year.
In other Stamps.com news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $83.97, for a total value of $419,850.00. Following the sale, the insider now directly owns 6,093 shares in the company, valued at approximately $511,629.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of large investors have modified their holdings of the stock. Comerica Bank raised its stake in shares of Stamps.com by 0.9% in the fourth quarter. Comerica Bank now owns 15,151 shares of the company’s stock valued at $1,527,000 after buying an additional 140 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Stamps.com by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 26,453 shares of the company’s stock valued at $2,900,000 after buying an additional 500 shares during the last quarter. 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 last quarter. Principal Financial Group Inc. raised 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 during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Stamps.com by 11.8% in the fourth quarter. Rhumbline Advisers now owns 18,214 shares of the company’s stock valued at $1,996,000 after buying an additional 1,921 shares during 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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