Stamps.com Inc. (NASDAQ:STMP) insider John Roland Clem sold 9,412 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $131.82, for a total value of $1,240,689.84. Following the completion of the sale, the insider now owns 16,407 shares of the company’s stock, valued at $2,162,770.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stamps.com Inc. (NASDAQ:STMP) traded down 0.62% during mid-day trading on Monday, hitting $128.00. The stock had a trading volume of 97,104 shares. Stamps.com Inc. has a one year low of $68.82 and a one year high of $136.00. The firm’s 50-day moving average price is $127.54 and its 200 day moving average price is $109.96. The company has a market cap of $2.16 billion, a PE ratio of 31.07 and a beta of 0.12.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.37. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. The firm earned $105.90 million during the quarter, compared to analysts’ expectations of $97.38 million. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 51.6% on a year-over-year basis. On average, equities research analysts anticipate that Stamps.com Inc. will post $6.49 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Stamps.com during the third quarter valued at approximately $114,000. Acrospire Investment Management LLC boosted its stake in shares of Stamps.com by 55.6% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $132,000 after buying an additional 500 shares during the last quarter. Mosaic Family Wealth LLC purchased a new stake in shares of Stamps.com during the third quarter valued at approximately $132,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Stamps.com during the fourth quarter valued at approximately $204,000. Finally, Koch Industries Inc. purchased a new stake in shares of Stamps.com during the fourth quarter valued at approximately $217,000.
A number of brokerages recently issued reports on STMP. B. Riley restated a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a research report on Sunday, February 26th. Singular Research restated a “buy” rating and issued a $145.00 price target (up from $134.00) on shares of Stamps.com in a research report on Monday, February 27th. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, Roth Capital set a $156.00 target price on Stamps.com and gave the stock a “buy” rating in a research report on Friday, February 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $159.25.
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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