Stamps.com (STMP) Trading Up 5.9%

Stamps.com Inc. (NASDAQ:STMP)’s share price was up 5.9% during mid-day trading on Thursday . The stock traded as high as $219.30 and last traded at $214.64. Approximately 933,677 shares traded hands during trading, an increase of 183% from the average daily volume of 330,364 shares. The stock had previously closed at $202.73.

Several equities analysts recently issued reports on STMP shares. Maxim Group set a $320.00 target price on Stamps.com and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub lowered Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Roth Capital increased their price target on Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Singular Research reaffirmed a “buy” rating and issued a $93.00 price target on shares of Stamps.com in a research report on Tuesday, June 19th. Finally, ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Stamps.com has an average rating of “Buy” and an average target price of $252.00.

The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38. The stock has a market cap of $4.11 billion, a PE ratio of 21.66, a PEG ratio of 1.66 and a beta of -0.02.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.58. The company had revenue of $139.63 million for the quarter, compared to analyst estimates of $133.49 million. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. Stamps.com’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 EPS. On average, research analysts predict that Stamps.com Inc. will post 9.07 earnings per share for the current year.

In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $226.66, for a total value of $271,992.00. Following the transaction, the insider now owns 1,541 shares in the company, valued at approximately $349,283.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sebastian Buerba sold 2,501 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $259.75, for a total value of $649,634.75. Following the completion of the transaction, the insider now owns 720 shares in the company, valued at approximately $187,020. The disclosure for this sale can be found here. Insiders sold a total of 9,901 shares of company stock worth $2,399,880 in the last ninety days. 6.17% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Stamps.com by 11.3% in the 2nd quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock valued at $637,381,000 after acquiring an additional 255,512 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Stamps.com by 17,709.7% in the 1st quarter. Summit Trail Advisors LLC now owns 1,785,957 shares of the software maker’s stock valued at $1,786,000 after acquiring an additional 1,775,929 shares during the last quarter. Morgan Stanley increased its holdings in shares of Stamps.com by 446.0% in the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after acquiring an additional 404,861 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Stamps.com by 69.8% in the 2nd quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after acquiring an additional 147,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Stamps.com by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 335,272 shares of the software maker’s stock valued at $67,406,000 after acquiring an additional 17,856 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Stamps.com Company Profile (NASDAQ:STMP)

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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