Stamps.com Inc. (STMP) Insider James Bortnak Sells 5,000 Shares
Stamps.com Inc. (NASDAQ:STMP) insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $113.29, for a total transaction of $566,450.00. Following the completion of the transaction, the insider now directly owns 6,093 shares in the company, valued at $690,275.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Bortnak also recently made the following trade(s):
- On Monday, October 24th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $94.54, for a total transaction of $472,700.00.
- On Monday, September 26th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $94.53, for a total transaction of $472,650.00.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 111.25 on Tuesday. The company has a market capitalization of $1.90 billion, a PE ratio of 43.30 and a beta of 0.23. The company has a 50-day moving average of $99.77 and a 200 day moving average of $90.56. Stamps.com Inc. has a 52-week low of $68.82 and a 52-week high of $123.75.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Thursday, November 3rd. The company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.76. The business earned $92.60 million during the quarter, compared to analysts’ expectations of $79.40 million. Stamps.com had a net margin of 14.05% and a return on equity of 30.57%. The firm’s quarterly revenue was up 79.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. Analysts predict that Stamps.com Inc. will post $8.29 earnings per share for the current year.
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A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Stamps.com in a research note on Tuesday, September 20th. Roth Capital set a $133.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research report on Sunday, November 6th. Finally, Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 10th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Stamps.com currently has a consensus rating of “Buy” and an average price target of $145.67.
Institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its position in Stamps.com by 3.1% in the third quarter. Conestoga Capital Advisors LLC now owns 379,304 shares of the company’s stock worth $35,848,000 after buying an additional 11,390 shares in the last quarter. Columbus Circle Investors boosted its position in Stamps.com by 51.7% in the second quarter. Columbus Circle Investors now owns 441,618 shares of the company’s stock worth $38,606,000 after buying an additional 150,419 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Stamps.com by 1.5% in the second quarter. Rice Hall James & Associates LLC now owns 203,372 shares of the company’s stock worth $17,779,000 after buying an additional 2,925 shares in the last quarter. Northpointe Capital LLC bought a new position in Stamps.com during the second quarter worth about $11,211,000. Finally, Cortina Asset Management LLC bought a new position in Stamps.com during the second quarter worth about $4,754,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
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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