Shares of Stamps.com Inc. (NASDAQ:STMP) hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $272.90 and last traded at $272.50, with a volume of 22258 shares trading hands. The stock had previously closed at $267.35.

STMP has been the subject of a number of research reports. B. Riley boosted their price target on Stamps.com from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Craig Hallum reiterated a “buy” rating and issued a $215.00 price target (down previously from $230.00) on shares of Stamps.com in a report on Thursday, February 22nd. Roth Capital lowered their price target on Stamps.com from $235.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Sidoti boosted their price target on Stamps.com from $254.00 to $265.00 in a report on Thursday, February 22nd. Finally, BidaskClub lowered Stamps.com from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Stamps.com presently has an average rating of “Buy” and a consensus price target of $266.00.

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.80 and a quick ratio of 2.80. The firm has a market capitalization of $4.78 billion and a price-to-earnings ratio of 28.09.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Thursday, May 3rd. The software maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.62. The company had revenue of $133.57 million during the quarter, compared to analyst estimates of $123.49 million. Stamps.com had a return on equity of 41.43% and a net margin of 33.08%. Stamps.com’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share. analysts forecast that Stamps.com Inc. will post 8.91 earnings per share for the current fiscal year.

In other Stamps.com news, insider Matthew A. Lipson sold 9,174 shares of the company’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $204.43, for a total transaction of $1,875,440.82. Following the completion of the sale, the insider now owns 6,931 shares in the company, valued at $1,416,904.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Sebastian Buerba sold 17,777 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $266.77, for a total value of $4,742,370.29. Following the sale, the chief marketing officer now owns 2,386 shares of the company’s stock, valued at approximately $636,513.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,321 shares of company stock valued at $25,046,248. 6.17% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of STMP. Glen Harbor Capital Management LLC increased its position in shares of Stamps.com by 8.5% during the first quarter. Glen Harbor Capital Management LLC now owns 2,618 shares of the software maker’s stock worth $526,000 after purchasing an additional 204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stamps.com by 47.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock worth $149,000 after purchasing an additional 255 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Stamps.com by 2.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 12,387 shares of the software maker’s stock worth $2,329,000 after purchasing an additional 273 shares in the last quarter. Smith Asset Management Group LP increased its position in shares of Stamps.com by 10.3% during the first quarter. Smith Asset Management Group LP now owns 3,170 shares of the software maker’s stock worth $637,000 after purchasing an additional 296 shares in the last quarter. Finally, HBK Investments L P increased its position in shares of Stamps.com by 2.5% during the fourth quarter. HBK Investments L P now owns 12,400 shares of the software maker’s stock worth $2,331,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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