Shares of Inc. (NASDAQ:STMP) were up 2.3% on Thursday . The stock traded as high as $99.14 and last traded at $98.96, with a volume of 326,168 shares changing hands. The stock had previously closed at $96.72.

Several analysts have recently weighed in on STMP shares. Zacks Investment Research raised from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Wednesday, July 13th. B. Riley reissued a “buy” rating and issued a $150.00 target price on shares of in a report on Friday, June 10th. Craig Hallum reissued a “buy” rating on shares of in a report on Tuesday, July 12th. Finally, Roth Capital reissued a “buy” rating and issued a $96.00 target price on shares of in a report 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’s stock. has an average rating of “Buy” and a consensus target price of $110.67.

The stock’s 50-day moving average is $83.04 and its 200 day moving average is $92.03. The company has a market cap of $1.71 billion and a PE ratio of 50.05. (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.68. During the same period last year, the firm posted $0.97 earnings per share. The company earned $84.01 million during the quarter, compared to analysts’ expectations of $73.49 million.’s quarterly revenue was up 73.7% compared to the same quarter last year. On average, equities analysts expect that Inc. will post $7.21 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 dated Friday, June 24th. The shares were sold at an average price of $86.30, for a total transaction of $431,500.00. Following the sale, the insider now directly owns 6,093 shares of the company’s stock, valued at $525,825.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

A hedge fund recently bought a new stake in stock. Employees Retirement System of Texas acquired a new stake in shares of Inc. (NASDAQ:STMP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,000 shares of the company’s stock, valued at approximately $1,973,000. Employees Retirement System of Texas owned about 0.11% of as of its most recent SEC filing. Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the 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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