Stamps.com (STMP) Shares Up 5.9%

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Shares of Stamps.com Inc. (NASDAQ:STMP) shot up 5.9% during trading on Thursday . The stock traded as high as $219.30 and last traded at $214.64. 933,677 shares changed hands during trading, an increase of 183% from the average session volume of 330,364 shares. The stock had previously closed at $202.73.

Several brokerages recently commented on STMP. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a research report on Friday, July 27th. BidaskClub cut Stamps.com from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Roth Capital boosted their price target on Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, Singular Research reiterated a “buy” rating and set a $93.00 price target on shares of Stamps.com in a research report on Tuesday, June 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Stamps.com has a consensus rating of “Buy” and an average target price of $252.00.

The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38. The firm has a market cap of $4.11 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.66 and a beta of -0.02.

Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.58. The company had revenue of $139.63 million during the quarter, compared to analysts’ expectations of $133.49 million. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.08 EPS. On average, analysts forecast that Stamps.com Inc. will post 9.07 EPS for the current year.

In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total value of $297,780.00. Following the completion of the sale, the insider now directly owns 1,541 shares in the company, valued at approximately $382,399.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sebastian Buerba sold 2,501 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $259.75, for a total value of $649,634.75. Following the completion of the sale, the insider now owns 720 shares of the company’s stock, valued at $187,020. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,901 shares of company stock valued at $2,399,880. 6.17% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Stamps.com by 6.5% during the 1st quarter. Wells Fargo & Company MN now owns 21,162 shares of the software maker’s stock worth $4,255,000 after purchasing an additional 1,285 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Stamps.com by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 335,272 shares of the software maker’s stock worth $67,406,000 after purchasing an additional 17,856 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Stamps.com during the 1st quarter worth $494,000. Russell Investments Group Ltd. purchased a new position in shares of Stamps.com during the 1st quarter worth $123,000. Finally, Sei Investments Co. grew its holdings in shares of Stamps.com by 196.5% during the 1st quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock worth $119,000 after purchasing an additional 391 shares during the period. Institutional investors own 92.06% of the company’s stock.

Stamps.com Company Profile (NASDAQ:STMP)

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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