Insider Selling: Stamps.com Inc. (STMP) Director Sells 25,000 Shares of Stock
Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $189.00, for a total transaction of $4,725,000.00. Following the completion of the sale, the director now directly owns 110,269 shares of the company’s stock, valued at $20,840,841. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Stamps.com Inc. (NASDAQ STMP) traded up 1.34% on Friday, hitting $192.35. 105,187 shares of the stock were exchanged. The firm’s 50 day moving average price is $187.79 and its 200 day moving average price is $143.10. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 31.11 and a beta of -0.04. Stamps.com Inc. has a one year low of $84.87 and a one year high of $220.25.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. Stamps.com’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS. Equities analysts anticipate that Stamps.com Inc. will post $8.05 earnings per share for the current year.
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A number of research analysts have commented on STMP shares. Roth Capital restated a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective on the stock in a research note on Tuesday, August 29th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Craig Hallum restated a “buy” rating and issued a $210.00 price objective (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Finally, B. Riley set a $250.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a research note on Friday, August 25th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $205.33.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Stamps.com by 143,777.2% during the 1st quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after buying an additional 1,879,168 shares during the period. Vanguard Group Inc. increased its stake in Stamps.com by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,446,477 shares of the software maker’s stock valued at $224,023,000 after buying an additional 64,398 shares during the period. P2 Capital Partners LLC increased its stake in Stamps.com by 21.1% during the 1st quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock valued at $84,759,000 after buying an additional 125,000 shares during the period. Jericho Capital Asset Management L.P. increased its stake in Stamps.com by 0.7% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock valued at $70,572,000 after buying an additional 4,303 shares during the period. Finally, Fred Alger Management Inc. increased its stake in Stamps.com by 7.1% during the 2nd quarter. Fred Alger Management Inc. now owns 414,728 shares of the software maker’s stock valued at $64,231,000 after buying an additional 27,541 shares during the period.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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