Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 9,117 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $192.53, for a total value of $1,755,296.01. Following the completion of the sale, the director now directly owns 155,269 shares in the company, valued at $29,893,940.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stamps.com Inc. (STMP) opened at 191.25 on Friday. Stamps.com Inc. has a 1-year low of $84.87 and a 1-year high of $220.25. The company has a market cap of $3.23 billion, a PE ratio of 30.93 and a beta of 0.01. The stock has a 50 day moving average price of $181.77 and a 200 day moving average price of $141.24.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. Stamps.com’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Equities analysts forecast that Stamps.com Inc. will post $8.05 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in STMP. Bank of Montreal Can raised its position in shares of Stamps.com by 1.6% in the second quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock worth $167,000 after buying an additional 17 shares during the last quarter. Renaissance Group LLC raised its position in shares of Stamps.com by 0.7% in the second quarter. Renaissance Group LLC now owns 2,980 shares of the software maker’s stock worth $462,000 after buying an additional 21 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Stamps.com by 1.6% in the second quarter. Pinebridge Investments L.P. now owns 2,076 shares of the software maker’s stock worth $322,000 after buying an additional 32 shares during the last quarter. Arcus Capital Partners LLC raised its position in shares of Stamps.com by 1.6% in the first quarter. Arcus Capital Partners LLC now owns 3,086 shares of the software maker’s stock worth $365,000 after buying an additional 49 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Stamps.com by 3.4% in the second quarter. Amalgamated Bank now owns 2,211 shares of the software maker’s stock worth $342,000 after buying an additional 72 shares during the last quarter.

Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum set a $230.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price target for the company in a research note on Tuesday. Finally, Sidoti reissued a “buy” rating and issued a $182.00 price target on shares of Stamps.com in a research note on Thursday, July 6th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Stamps.com currently has an average rating of “Buy” and an average price target of $205.33.

About Stamps.com

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.

Insider Buying and Selling by Quarter for Stamps.com (NASDAQ:STMP)

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