G Bradford Jones Sells 27,000 Shares of Stamps.com Inc. (STMP) Stock
Stamps.com Inc. (NASDAQ:STMP) Director G Bradford Jones sold 27,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $208.73, for a total transaction of $5,635,710.00. Following the transaction, the director now directly owns 64,486 shares in the company, valued at approximately $13,460,162.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded up 0.94% on Wednesday, hitting $214.70. 381,383 shares of the stock traded hands. The firm’s 50 day moving average is $151.90 and its 200-day moving average is $130.12. The company has a market cap of $3.63 billion, a PE ratio of 34.72 and a beta of 0.01. Stamps.com Inc. has a 12 month low of $80.10 and a 12 month high of $216.30.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analyst estimates of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. Equities analysts predict that Stamps.com Inc. will post $7.87 earnings per share for the current year.
Stamps.com announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 3rd that authorizes the company to buyback $90.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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STMP has been the topic of several recent research reports. B. Riley reissued a “buy” rating and set a $210.00 price target on shares of Stamps.com in a research report on Sunday, May 7th. Roth Capital reissued a “buy” rating and set a $166.00 price target on shares of Stamps.com in a research report on Wednesday, May 31st. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Friday, June 2nd. Finally, Sidoti reissued a “buy” rating and set a $182.00 price target on shares of Stamps.com in a research report on Thursday, July 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $192.67.
Several large investors have recently made changes to their positions in STMP. Strs Ohio bought a new stake in shares of Stamps.com during the first quarter valued at approximately $12,130,000. Teachers Advisors LLC increased its stake in shares of Stamps.com by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 160,237 shares of the software maker’s stock valued at $18,371,000 after buying an additional 13,057 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Stamps.com by 5.7% in the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock valued at $434,000 after buying an additional 199 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Stamps.com by 16.8% in the first quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock valued at $3,040,000 after buying an additional 3,700 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Stamps.com by 51.9% in the first quarter. Fisher Asset Management LLC now owns 24,936 shares of the software maker’s stock valued at $2,951,000 after buying an additional 8,522 shares during the last quarter.
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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