First Washington CORP cut its holdings in Stamps.com Inc. (NASDAQ:STMP) by 31.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,390 shares of the software maker’s stock after selling 7,870 shares during the quarter. First Washington CORP owned about 0.10% of Stamps.com worth $2,693,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of STMP. BlackRock Inc. increased its stake in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after purchasing an additional 1,879,168 shares during the period. DSAM Partners London Ltd acquired a new position in Stamps.com in the second quarter valued at $20,876,000. P2 Capital Partners LLC increased its stake in Stamps.com by 21.1% in the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock valued at $84,759,000 after purchasing an additional 125,000 shares during the period. Garelick Capital Partners LP increased its stake in Stamps.com by 111.0% in the first quarter. Garelick Capital Partners LP now owns 195,153 shares of the software maker’s stock valued at $23,096,000 after purchasing an additional 102,674 shares during the period. Finally, Capital Fund Management S.A. increased its stake in Stamps.com by 218.5% in the second quarter. Capital Fund Management S.A. now owns 118,468 shares of the software maker’s stock valued at $18,348,000 after purchasing an additional 81,277 shares during the period.
A number of research analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $250.00 price objective on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum set a $230.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Sidoti restated a “buy” rating and issued a $182.00 price objective on shares of Stamps.com in a research note on Thursday, July 6th. Finally, ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Stamps.com currently has an average rating of “Buy” and a consensus target price of $205.33.
In other news, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $208.81, for a total transaction of $8,352,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $149.05, for a total transaction of $178,860.00. Following the transaction, the insider now owns 242 shares of the company’s stock, valued at approximately $36,070.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,906 shares of company stock worth $61,621,394. 11.08% of the stock is owned by corporate insiders.
Shares of Stamps.com Inc. (NASDAQ STMP) traded up 0.85% on Tuesday, hitting $195.30. 68,163 shares of the stock were exchanged. Stamps.com Inc. has a one year low of $84.87 and a one year high of $220.25. The firm’s 50 day moving average price is $190.18 and its 200 day moving average price is $143.65. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 31.59 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. Stamps.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. Equities analysts anticipate that Stamps.com Inc. will post $8.05 earnings per share for the current year.
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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