Stamps.com Inc. (STMP) Trading 2.3% Higher
Stamps.com Inc. (NASDAQ:STMP) shares traded up 2.3% during mid-day trading on Thursday . The company traded as high as $99.14 and last traded at $98.96, with a volume of 326,168 shares trading hands. The stock had previously closed at $96.72.
A number of research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $150.00 price objective on shares of Stamps.com in a research note on Wednesday, June 15th. Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Wednesday, July 13th. Roth Capital reaffirmed a “buy” rating and set a $96.00 price target on shares of Stamps.com in a research note on Thursday, July 28th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Stamps.com in a research note on Tuesday, July 12th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.67.
The firm has a market capitalization of $1.72 billion and a P/E ratio of 50.44. The stock’s 50-day moving average is $84.43 and its 200-day moving average is $92.13.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.68. The company earned $84.01 million during the quarter, compared to analysts’ expectations of $73.49 million. The business’s quarterly revenue was up 73.7% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. On average, equities research analysts anticipate that Stamps.com Inc. will post $7.21 EPS for the current year.
In other news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $93.75, for a total transaction of $468,750.00. Following the completion of the transaction, the insider now directly owns 6,093 shares in the company, valued at $571,218.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Stamps.com stock. Principal Financial Group Inc. increased its position in Stamps.com Inc. (NASDAQ:STMP) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,921 shares of the company’s stock after buying an additional 4,711 shares during the period. Principal Financial Group Inc. owned about 0.61% of Stamps.com worth $11,171,000 as of its most recent filing with the SEC.
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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