Stamps.com Inc. (NASDAQ:STMP) shares dropped 1.9% on Tuesday . The stock traded as low as $77.64 and last traded at $78.09, with a volume of 655,390 shares. The stock had previously closed at $79.62.

A number of research firms recently commented on STMP. B. Riley reaffirmed a “buy” rating and set a $150.00 price objective on shares of Stamps.com in a research report on Tuesday, May 17th. Zacks Investment Research lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $111.60.

The stock’s 50-day moving average price is $84.51 and its 200 day moving average price is $93.25. The company has a market capitalization of $1.36 billion and a P/E ratio of 133.46.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Monday, May 9th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.66. During the same quarter in the previous year, the business posted $0.72 EPS. The company earned $81.80 million during the quarter, compared to analyst estimates of $68.73 million. The company’s revenue was up 85.7% compared to the same quarter last year. Equities analysts anticipate that Stamps.com Inc. will post $6.02 EPS for the current year.

In related news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $83.97, for a total transaction of $419,850.00. Following the transaction, the insider now owns 6,093 shares of the company’s stock, valued at approximately $511,629.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have bought and sold shares of STMP. Comerica Bank increased its stake in 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. California State Teachers Retirement System increased its position 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 worth $2,900,000 after buying an additional 500 shares during the last quarter. 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 last quarter. Principal Financial Group Inc. increased its position 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 worth $11,171,000 after buying an additional 4,711 shares during the last quarter. 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 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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