Insider Selling: Stamps.com Insider Unloads 2,778 Shares of Stock (STMP)
Stamps.com (NASDAQ:STMP) Insider James Bortnak unloaded 2,778 shares of the company’s stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $38.75, for a total transaction of $107,647.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Stamps.com (NASDAQ:STMP) traded down 0.74% during mid-day trading on Thursday, hitting $38.88. The stock had a trading volume of 276,359 shares. Stamps.com has a 52 week low of $22.35 and a 52 week high of $49.40. The stock has a 50-day moving average of $41.54 and a 200-day moving average of $43.10. The company has a market cap of $626.0 million and a price-to-earnings ratio of 18.30.
STMP has been the subject of a number of recent research reports. Analysts at Northland Securities initiated coverage on shares of Stamps.com in a research note to investors on Friday, January 17th. They set an “outperform” rating and a $46.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Stamps.com in a research note to investors on Friday, January 17th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Stamps.com from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $50.80 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Stamps.com has a consensus rating of “Hold” and a consensus target price of $46.41.
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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