Stamps.com Inc. (STMP) Director Sells $1,755,296.01 in Stock
Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 9,117 shares of Stamps.com stock in a transaction on Tuesday, August 29th. The shares were 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 owns 155,269 shares in the company, valued at approximately $29,893,940.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Stamps.com Inc. (NASDAQ STMP) opened at 192.10 on Friday. Stamps.com Inc. has a 1-year low of $84.87 and a 1-year high of $220.25. The firm has a market capitalization of $3.25 billion, a PE ratio of 31.07 and a beta of -0.05. The company’s 50-day moving average price is $183.05 and its 200 day moving average price is $141.71.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million for the quarter, compared to analyst estimates of $99.29 million. During the same period last year, the company posted $1.94 earnings per share. The firm’s revenue was up 38.2% compared to the same quarter last year. On average, equities analysts anticipate that Stamps.com Inc. will post $8.05 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STMP. USA Financial Portformulas Corp bought a new position in Stamps.com during the second quarter valued at approximately $534,000. Ashford Capital Management Inc. raised its stake in shares of Stamps.com by 37.7% in the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock worth $16,131,000 after buying an additional 28,530 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Stamps.com during the second quarter worth about $607,000. Piedmont Investment Advisors LLC raised its stake in shares of Stamps.com by 12.1% in the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock worth $2,176,000 after buying an additional 1,511 shares during the last quarter. Finally, Newbrook Capital Advisors LP acquired a new stake in shares of Stamps.com during the second quarter worth about $39,979,000.
STMP has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $210.00 target price on shares of Stamps.com in a research report on Sunday, May 7th. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective on the stock in a report on Wednesday, May 10th. ValuEngine downgraded Stamps.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Roth Capital reiterated a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a report on Wednesday, May 31st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Stamps.com currently has a consensus rating of “Buy” and a consensus target price of $205.33.
Stamps.com Company Profile
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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