Stamps.com CEO Kenneth Thomas Mcbride Sells 6,944 Shares (STMP)
Stamps.com (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 6,944 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $38.76, for a total transaction of $269,149.44. Following the completion of the transaction, the chief executive officer now directly owns 5,448 shares in the company, valued at approximately $211,164. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.41.
Shares of Stamps.com (NASDAQ:STMP) traded down 0.74% during mid-day trading on Thursday, hitting $38.88. 276,359 shares of the company’s stock traded hands. 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 P/E ratio of 18.30.
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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