Stamps.com Inc. (STMP) Insider Sells $472,650.00 in Stock
Stamps.com Inc. (NASDAQ:STMP) insider James Bortnak sold 5,000 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $94.53, for a total transaction of $472,650.00. Following the sale, the insider now owns 6,093 shares of the company’s stock, valued at $575,971.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
James Bortnak also recently made the following trade(s):
- On Wednesday, August 24th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $93.75, for a total transaction of $468,750.00.
- On Monday, July 25th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $78.99, for a total transaction of $394,950.00.
Stamps.com Inc. (NASDAQ:STMP) opened at 94.92 on Wednesday. The firm’s 50-day moving average is $91.58 and its 200-day moving average is $89.96. The company has a market cap of $1.64 billion, a PE ratio of 48.06 and a beta of 0.97. Stamps.com Inc. has a 52 week low of $68.82 and a 52 week high of $123.75.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.68. Stamps.com had a net margin of 12.09% and a return on equity of 27.94%. The firm had revenue of $84.01 million for the quarter, compared to analyst estimates of $73.49 million. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was up 73.7% compared to the same quarter last year. On average, analysts expect that Stamps.com Inc. will post $7.11 EPS for the current fiscal year.
Several equities research analysts recently weighed in on STMP shares. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Wednesday, July 13th. B. Riley reiterated a “buy” rating and issued a $150.00 target price on shares of Stamps.com in a research note on Friday, June 10th. Craig Hallum reiterated a “buy” rating on shares of Stamps.com in a research note on Tuesday, July 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $96.00 target price on shares of Stamps.com in a research note on Thursday, July 28th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $110.67.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in shares of Stamps.com during the second quarter valued at about $3,523,000. Mason Street Advisors LLC purchased a new position in Stamps.com during the second quarter valued at $268,000. Royal Bank of Canada raised its position in Stamps.com by 14.2% in the second quarter. Royal Bank of Canada now owns 14,196 shares of the company’s stock valued at $1,241,000 after buying an additional 1,764 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Stamps.com during the second quarter valued at $5,280,000. Finally, Schwab Charles Investment Management Inc. raised its position in Stamps.com by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,409 shares of the company’s stock valued at $4,844,000 after buying an additional 3,904 shares in the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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