Lloyd I. Miller III Sells 35,000 Shares of Stamps.com Inc. (STMP) Stock
Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $108.00, for a total value of $3,780,000.00. Following the completion of the sale, the director now directly owns 195,669 shares of the company’s stock, valued at $21,132,252. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 109.15 on Friday. Stamps.com Inc. has a 1-year low of $68.82 and a 1-year high of $123.75. The firm’s 50-day moving average price is $96.72 and its 200 day moving average price is $89.20. The stock has a market capitalization of $1.86 billion, a P/E ratio of 42.49 and a beta of 0.23.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Thursday, November 3rd. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.76. The company earned $92.60 million during the quarter, compared to the consensus estimate of $79.40 million. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. The company’s revenue was up 79.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Analysts expect that Stamps.com Inc. will post $8.29 EPS for the current fiscal year.
STMP has been the subject of several research reports. Roth Capital set a $133.00 target price on Stamps.com and gave the company a “buy” rating in a report on Sunday, November 6th. B. Riley reissued a “buy” rating and issued a $160.00 target price on shares of Stamps.com in a report on Tuesday, September 20th. Finally, Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 29th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Stamps.com currently has a consensus rating of “Buy” and an average target price of $145.67.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Stamps.com by 121.1% in the first quarter. BlackRock Inc. now owns 964 shares of the company’s stock valued at $103,000 after buying an additional 528 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Stamps.com during the third quarter valued at $114,000. Acrospire Investment Management LLC increased its stake in shares of Stamps.com by 55.6% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $132,000 after buying an additional 500 shares in the last quarter. Mosaic Family Wealth LLC acquired a new stake in shares of Stamps.com during the third quarter valued at $132,000. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Stamps.com by 13.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,701 shares of the company’s stock valued at $149,000 after buying an additional 200 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.
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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