Insider Selling: Stamps.com Director Unloads 30,841 Shares of Stock (STMP)
Stamps.com (NASDAQ:STMP) Director Lloyd Miller III sold 30,841 shares of Stamps.com stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $48.00, for a total transaction of $1,480,368.00. Following the completion of the transaction, the director now directly owns 234,862 shares in the company, valued at approximately $11,273,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Stamps.com (NASDAQ:STMP) traded down 1.17% on Friday, hitting $47.27. 252,827 shares of the company’s stock traded hands. Stamps.com has a one year low of $20.50 and a one year high of $46.47. The stock’s 50-day moving average is $41.52 and its 200-day moving average is $34.98. The company has a market cap of $739.4 million and a P/E ratio of 23.65.
Stamps.com (NASDAQ:STMP) last released its earnings data on Wednesday, October 23rd. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.11. The company had revenue of $31.20 million for the quarter, compared to the consensus estimate of $31.55 million. During the same quarter last year, the company posted $0.50 earnings per share. Stamps.com’s revenue was up 7.2% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Stamps.com from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. 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 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 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Stamps.com presently has an average rating of “Hold” and an average target price of $42.97.
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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