B. Riley Financial Inc. Takes Position in Stamps.com Inc. (STMP)

B. Riley Financial Inc. acquired a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,751 shares of the software maker’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised its holdings in shares of Stamps.com by 5.7% during the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock valued at $434,000 after purchasing an additional 199 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Stamps.com by 16.8% during the first quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock valued at $3,040,000 after purchasing an additional 3,700 shares during the last quarter. Airain ltd raised its holdings in shares of Stamps.com by 63.9% during the second quarter. Airain ltd now owns 23,810 shares of the software maker’s stock valued at $3,688,000 after purchasing an additional 9,280 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Stamps.com by 143,777.2% during the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after purchasing an additional 1,879,168 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Stamps.com by 20.9% during the first quarter. Bank of America Corp DE now owns 69,162 shares of the software maker’s stock valued at $8,185,000 after purchasing an additional 11,967 shares during the last quarter.

Several research analysts have recently weighed in on the stock. Northland Securities reissued a “buy” rating and set a $200.00 price objective on shares of Stamps.com in a report on Thursday, September 14th. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective for the company in a report on Tuesday, August 29th. Craig Hallum set a $230.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a report on Friday, August 25th. Finally, B. Riley set a $250.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a report on Friday, August 25th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $204.57.

In other Stamps.com news, CTO Michael John Biswas sold 27,092 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $210.46, for a total transaction of $5,701,782.32. Following the completion of the transaction, the chief technology officer now directly owns 4,622 shares of the company’s stock, valued at approximately $972,746.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Roland Clem sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $210.19, for a total transaction of $2,101,900.00. Following the transaction, the insider now directly owns 6,410 shares of the company’s stock, valued at $1,347,317.90. The disclosure for this sale can be found here. Insiders have sold a total of 451,963 shares of company stock valued at $89,235,344 over the last three months. 11.08% of the stock is currently owned by insiders.

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Shares of Stamps.com Inc. (STMP) traded down 0.17% during mid-day trading on Tuesday, reaching $204.80. 103,479 shares of the company traded hands. The firm has a 50-day moving average price of $199.02 and a 200 day moving average price of $147.30. Stamps.com Inc. has a 52 week low of $89.26 and a 52 week high of $220.25. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 33.12 and a beta of -0.04.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm had revenue of $116.14 million during the quarter, compared to analyst estimates of $99.29 million. During the same period last year, the firm posted $1.94 EPS. Stamps.com’s revenue was up 38.2% on a year-over-year basis. On average, analysts anticipate that Stamps.com Inc. will post $8.05 earnings per share for the current year.

Stamps.com Profile

Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.

Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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