Trexquant Investment LP Buys New Position in Stamps.com Inc. (NASDAQ:STMP)

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Trexquant Investment LP bought a new position in Stamps.com Inc. (NASDAQ:STMP) in the 1st quarter, HoldingsChannel reports. The firm bought 21,788 shares of the software maker’s stock, valued at approximately $1,774,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pearl River Capital LLC purchased a new stake in Stamps.com during the fourth quarter valued at about $27,000. Stephens Inc. AR lifted its holdings in Stamps.com by 155.8% during the fourth quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock valued at $34,000 after purchasing an additional 134 shares during the last quarter. Huntington National Bank purchased a new stake in Stamps.com during the first quarter valued at about $101,000. Bank of Montreal Can lifted its holdings in Stamps.com by 10.9% during the fourth quarter. Bank of Montreal Can now owns 1,388 shares of the software maker’s stock valued at $217,000 after purchasing an additional 136 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Stamps.com during the first quarter valued at about $126,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

Several research firms have commented on STMP. BidaskClub downgraded shares of Stamps.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 16th. Maxim Group dropped their price objective on shares of Stamps.com to $59.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of Stamps.com from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 15th. Craig Hallum downgraded shares of Stamps.com from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $48.00 in a report on Thursday, May 9th. Finally, B. Riley downgraded shares of Stamps.com from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $45.00 in a report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.86.

Shares of STMP traded down $0.72 during midday trading on Friday, hitting $39.84. 7,462 shares of the company traded hands, compared to its average volume of 736,307. Stamps.com Inc. has a one year low of $32.54 and a one year high of $285.74. The stock has a market cap of $670.16 million, a PE ratio of 4.15, a P/E/G ratio of 1.10 and a beta of 1.05. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The firm had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $126.06 million. During the same period in the prior year, the business posted $2.54 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Stamps.com Inc. will post 2.34 earnings per share for the current fiscal year.

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About Stamps.com

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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