Shares of Stamps.com Inc. (NASDAQ:STMP) rose 3.1% on Monday . The stock traded as high as $78.93 and last traded at $78.13, with a volume of 1,434,314 shares trading hands. The stock had previously closed at $75.81.

STMP has been the subject of several recent research reports. Craig Hallum reiterated a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Roth Capital reiterated a “buy” rating and issued a $96.00 price objective on shares of Stamps.com in a research report on Thursday, July 28th. Zacks Investment Research downgraded Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, B. Riley reiterated a “buy” rating and issued a $150.00 price objective on shares of Stamps.com in a research report on Thursday, May 12th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Stamps.com has a consensus rating of “Buy” and a consensus target price of $110.67.

The stock has a market cap of $1.36 billion and a P/E ratio of 39.56. The firm has a 50 day moving average of $82.88 and a 200 day moving average of $92.62.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.68. During the same period in the previous year, the business posted $0.97 EPS. The firm had revenue of $84.01 million for the quarter, compared to analysts’ expectations of $73.49 million. The business’s revenue for the quarter was up 73.7% compared to the same quarter last year. Equities analysts predict that Stamps.com Inc. will post $6.69 EPS for the current year.

In other Stamps.com news, insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $86.30, for a total transaction of $431,500.00. Following the transaction, the insider now owns 6,093 shares of the company’s stock, valued at $525,825.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors recently added to or reduced their stakes in the company. Employees Retirement System of Texas bought a new position in Stamps.com during the fourth quarter worth about $1,973,000. Matarin Capital Management LLC bought a new position in Stamps.com during the fourth quarter worth about $6,458,000. Redwood Investments LLC raised its position in 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 in the last quarter. US Bancorp DE raised its position in 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 in the last quarter. Finally, Suntrust Banks Inc. raised its position in 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.