Stamps.com Inc. Reaches New 12-Month High at $46.80 (STMP)
Stamps.com (NASDAQ:STMP)’s share price reached a new 52-week high during mid-day trading on Wednesday, American Banking News reports. The stock traded as high as $46.80 and last traded at $46.29, with a volume of 51,721 shares traded. The stock had previously closed at $46.05.
STMP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Stamps.com (NASDAQ:STMP) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $47.60 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.97.
In other Stamps.com news, Insider Seth Weisberg sold 3,232 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $46.00, for a total transaction of $148,672.00. Following the completion of the transaction, the insider now directly owns 10,490 shares in the company, valued at approximately $482,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Stamps.com has a 52-week low of $20.50 and a 52-week high of $46.80. The stock has a 50-day moving average of $43.16 and a 200-day moving average of $36.92. The company has a market cap of $716.9 million and a P/E ratio of 22.77.
Stamps.com (NASDAQ:STMP) last released its earnings data on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.40 earnings per share. Stamps.com’s revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Stamps.com will post $2.18 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.