Stamps.com Inc. (STMP) Trading Up 3.2%
Stamps.com Inc. (NASDAQ:STMP)’s share price was up 3.2% during mid-day trading on Tuesday . The stock traded as high as $84.30 and last traded at $83.87, with a volume of 550,863 shares trading hands. The stock had previously closed at $81.27.
Several equities analysts have issued reports on STMP shares. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Wednesday, July 13th. B. Riley restated a “buy” rating and set a $150.00 price target on shares of Stamps.com in a research note on Friday, June 10th. Craig Hallum restated a “buy” rating on shares of Stamps.com in a research note on Tuesday, July 12th. Finally, Roth Capital restated a “buy” rating and set a $96.00 price target on shares of Stamps.com in a research note on Thursday, July 28th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $110.67.
The company has a 50 day moving average price of $81.10 and a 200-day moving average price of $92.07. The stock has a market capitalization of $1.46 billion and a PE ratio of 42.47.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.68. During the same period in the previous year, the company posted $0.97 EPS. The firm had revenue of $84.01 million for the quarter, compared to analyst estimates of $73.49 million. Stamps.com’s revenue was up 73.7% on a year-over-year basis. On average, analysts expect that Stamps.com Inc. will post $7.21 EPS for the current fiscal year.
In other Stamps.com news, insider James Bortnak sold 5,000 shares of the stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $86.30, for a total value of $431,500.00. Following the sale, the insider now owns 6,093 shares of the company’s stock, valued at approximately $525,825.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors recently bought and sold shares of STMP. Comerica Bank raised 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 in the last quarter. Suntrust Banks Inc. raised its stake 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. Principal Financial Group Inc. raised its stake in 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 in the last quarter. Redwood Investments LLC raised its stake 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. Finally, Matarin Capital Management LLC bought a new stake in Stamps.com during the fourth quarter worth about $6,458,000.
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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