Stamps.com Inc. (STMP) Stock Price Up 5.3%
Stamps.com Inc. (NASDAQ:STMP) rose 5.3% during trading on Tuesday . The stock traded as high as $93.50 and last traded at $93.00, with a volume of 780,896 shares traded. The stock had previously closed at $88.30.
STMP has been the subject of several research analyst reports. Craig Hallum reaffirmed a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Roth Capital reaffirmed a “buy” rating and issued a $96.00 target price on shares of Stamps.com in a research report on Thursday, July 28th. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, B. Riley reissued a “buy” rating and set a $150.00 price target on shares of Stamps.com in a research report on Thursday, May 12th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $110.67.
The firm’s 50 day moving average price is $81.00 and its 200-day moving average price is $91.59. The stock has a market capitalization of $1.61 billion and a price-to-earnings ratio of 47.23.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.26 by $0.68. During the same quarter in the previous year, the company posted $0.97 earnings per share. The firm had revenue of $84.01 million for the quarter, compared to the consensus estimate of $73.49 million. The business’s revenue for the quarter was up 73.7% on a year-over-year basis. Equities research analysts predict that Stamps.com Inc. will post $7.21 earnings per share for the current year.
In related 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 transaction, the insider now directly owns 6,093 shares in the company, valued at approximately $525,825.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Other institutional investors recently modified their holdings of the company. Employees Retirement System of Texas bought a new position in shares of Stamps.com during the fourth quarter worth approximately $1,973,000. Matarin Capital Management LLC bought a new position in shares of Stamps.com during the fourth quarter worth approximately $6,458,000. Redwood Investments LLC increased its position in shares of 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. US Bancorp DE increased its position in shares of Stamps.com by 11.7% in the fourth quarter. US Bancorp DE now owns 13,136 shares of the company’s stock worth $1,439,000 after buying an additional 1,373 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of 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.
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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