Stamps.com Inc. (STMP) Given a $156.00 Price Target by Roth Capital Analysts
Stamps.com Inc. (NASDAQ:STMP) has been given a $156.00 price target by equities research analysts at Roth Capital in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Roth Capital’s price target would suggest a potential upside of 21.35% from the company’s previous close.
Several other research analysts have also recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $184.00 target price on shares of Stamps.com in a report on Wednesday, November 9th. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 10th.
Stamps.com (NASDAQ:STMP) traded up 1.52% on Friday, hitting $130.50. The company’s stock had a trading volume of 85,206 shares. The company has a 50 day moving average price of $120.98 and a 200-day moving average price of $103.58. The company has a market capitalization of $2.23 billion, a P/E ratio of 50.80 and a beta of 0.12. Stamps.com has a 1-year low of $68.82 and a 1-year high of $132.30.
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In other news, 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 value of $566,450.00. Following the transaction, the insider now 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 can be accessed through the SEC website. Also, Director Lloyd I. Miller III sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $108.00, for a total transaction of $5,400,000.00. Following the completion of the transaction, the director now owns 195,669 shares in the company, valued at approximately $21,132,252. The disclosure for this sale can be found here. Insiders sold 113,744 shares of company stock worth $13,143,576 in the last 90 days. Company insiders own 11.46% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of STMP. Fortaleza Asset Management Inc. purchased a new position in shares of Stamps.com during the fourth quarter valued at about $204,000. Thrivent Financial for Lutherans boosted its position in shares of Stamps.com by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,570 shares of the company’s stock valued at $983,000 after buying an additional 450 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Stamps.com during the fourth quarter valued at about $6,854,000. A.R.T. Advisors LLC boosted its position in shares of Stamps.com by 179.2% in the fourth quarter. A.R.T. Advisors LLC now owns 6,700 shares of the company’s stock valued at $768,000 after buying an additional 4,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Stamps.com by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,481 shares of the company’s stock valued at $284,000 after buying an additional 25 shares in the last quarter.
Stamps.com Company Profile
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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