Stamps.com Inc. (NASDAQ:STMP) insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $94.53, for a total transaction of $472,650.00. Following the transaction, the insider now owns 6,093 shares in the company, valued at approximately $575,971.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
James Bortnak also recently made the following trade(s):
- On Wednesday, August 24th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $93.75, for a total transaction of $468,750.00.
- On Monday, July 25th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $78.99, for a total transaction of $394,950.00.
Stamps.com Inc. (NASDAQ:STMP) opened at 94.51 on Monday. The company has a 50-day moving average of $92.43 and a 200-day moving average of $89.89. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 47.85 and a beta of 0.97. Stamps.com Inc. has a 1-year low of $68.82 and a 1-year high of $123.75.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.68. Stamps.com had a net margin of 12.09% and a return on equity of 27.94%. The company had revenue of $84.01 million for the quarter, compared to analyst estimates of $73.49 million. During the same period in the prior year, the business earned $0.97 earnings per share. Stamps.com’s quarterly revenue was up 73.7% on a year-over-year basis. Analysts predict that Stamps.com Inc. will post $7.11 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Stamps.com by 121.1% in the first quarter. BlackRock Inc. now owns 964 shares of the company’s stock worth $103,000 after buying an additional 528 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Stamps.com by 13.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,701 shares of the company’s stock worth $149,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. raised its position in shares of Stamps.com by 8.3% in the second quarter. PineBridge Investments L.P. now owns 1,991 shares of the company’s stock worth $174,000 after buying an additional 153 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Stamps.com during the second quarter worth about $179,000. Finally, Teacher Retirement System of Texas raised its position in shares of Stamps.com by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,084 shares of the company’s stock worth $182,000 after buying an additional 253 shares during the last quarter. Institutional investors own 97.07% of the company’s stock.
A number of research firms recently commented on STMP. Roth Capital reiterated a “buy” rating and set a $96.00 price objective on shares of Stamps.com in a research note on Thursday, July 28th. B. Riley restated a “buy” rating and issued a $160.00 price target on shares of Stamps.com in a research report on Tuesday, August 9th. Craig Hallum restated a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Finally, Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $110.67.
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.
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