James Bortnak Sells 5,000 Shares of Stamps.com Inc. (STMP) Stock
Stamps.com Inc. (NASDAQ:STMP) insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $113.29, for a total transaction of $566,450.00. Following the transaction, the insider now directly owns 6,093 shares in the company, valued at $690,275.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
James Bortnak also recently made the following trade(s):
- On Monday, October 24th, James Bortnak sold 5,000 shares of Stamps.com stock. The stock was sold at an average price of $94.54, for a total transaction of $472,700.00.
- On Monday, September 26th, James Bortnak sold 5,000 shares of Stamps.com stock. The stock was sold at an average price of $94.53, for a total transaction of $472,650.00.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 110.55 on Wednesday. The company has a 50 day moving average of $99.77 and a 200 day moving average of $90.56. The firm has a market cap of $1.89 billion, a PE ratio of 43.03 and a beta of 0.23. Stamps.com Inc. has a 52 week low of $68.82 and a 52 week high of $123.75.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Thursday, November 3rd. The company reported $2.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.76. The firm earned $92.60 million during the quarter, compared to analyst estimates of $79.40 million. Stamps.com had a net margin of 14.05% and a return on equity of 30.57%. Stamps.com’s revenue was up 79.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, equities research analysts anticipate that Stamps.com Inc. will post $8.29 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. ETRADE Capital Management LLC raised its position in shares of Stamps.com by 81.4% in the third quarter. ETRADE Capital Management LLC now owns 16,117 shares of the company’s stock worth $1,523,000 after buying an additional 7,232 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Stamps.com by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 190,995 shares of the company’s stock worth $18,051,000 after buying an additional 23,905 shares in the last quarter. Mosaic Family Wealth LLC bought a new position in shares of Stamps.com during the third quarter worth about $132,000. Park West Asset Management LLC raised its position in shares of Stamps.com by 45.5% in the third quarter. Park West Asset Management LLC now owns 480,000 shares of the company’s stock worth $45,365,000 after buying an additional 150,000 shares in the last quarter. Finally, Blackstone Group L.P. bought a new position in shares of Stamps.com during the third quarter worth about $6,043,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.
Several research firms have recently commented on STMP. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 10th. B. Riley restated a “buy” rating and issued a $160.00 target price on shares of Stamps.com in a research note on Tuesday, August 9th. Finally, Roth Capital set a $133.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research note on Sunday, November 6th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $145.67.
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.
Receive News & Stock Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related stocks with our FREE daily email newsletter.