Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 9,117 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $192.53, for a total transaction of $1,755,296.01. Following the completion of the transaction, the director now owns 155,269 shares in the company, valued at approximately $29,893,940.57. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Stamps.com Inc. (NASDAQ:STMP) traded up 0.53% during trading on Friday, reaching $199.05. 283,162 shares of the company’s stock traded hands. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 32.19 and a beta of -0.04. Stamps.com Inc. has a one year low of $87.58 and a one year high of $220.25. The company has a 50 day moving average of $195.70 and a 200 day moving average of $145.81.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.36. The business had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. Equities research analysts predict that Stamps.com Inc. will post $8.05 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of STMP. Norges Bank acquired a new stake in shares of Stamps.com during the fourth quarter worth about $2,239,000. Creative Planning lifted its holdings in shares of Stamps.com by 360.4% during the first quarter. Creative Planning now owns 1,533 shares of the software maker’s stock worth $181,000 after purchasing an additional 1,200 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Stamps.com by 51.9% during the first quarter. Fisher Asset Management LLC now owns 24,936 shares of the software maker’s stock worth $2,951,000 after purchasing an additional 8,522 shares during the period. Strs Ohio acquired a new stake in shares of Stamps.com during the first quarter worth about $12,130,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Stamps.com by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 59,795 shares of the software maker’s stock worth $7,076,000 after purchasing an additional 2,127 shares during the period.
STMP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price target on the stock in a research note on Tuesday, August 29th. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Roth Capital upped their price target on shares of Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Craig Hallum set a $230.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $204.57.
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.
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