Stamps.com Insider James Bortnak Sells 2,777 Shares (STMP)
Stamps.com (NASDAQ:STMP) Insider James Bortnak unloaded 2,777 shares of Stamps.com stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $44.38, for a total value of $123,243.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
STMP has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of Stamps.com (NASDAQ:STMP) from $40.00 to $42.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of Stamps.com (NASDAQ:STMP) from $43.50 to $47.25 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Stamps.com (NASDAQ:STMP) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 24th. They now have a $43.40 price target on the stock.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.13.
Shares of Stamps.com (NASDAQ:STMP) traded up 1.84% during mid-day trading on Tuesday, hitting $45.46. The stock had a trading volume of 108,337 shares. Stamps.com has a one year low of $20.50 and a one year high of $46.47. The stock has a 50-day moving average of $42.22 and a 200-day moving average of $36.12. The company has a market cap of $711.1 million and a P/E ratio of 22.08.
Stamps.com (NASDAQ:STMP) last released its earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.13. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.44 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Stamps.com will post $2.18 EPS for the current fiscal year.
Stamps.com Inc is a provider of Internet-based postage solutions. The Company’s customers use its service to mail and ship a variety of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (NASDAQ:STMP) mail classes, including First Class Mail, Priority Mail, Express Mail, Media Mail, Parcel Post, and others.
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