Stamps.com (STMP) Trading Up 8.1%

Stamps.com Inc. (NASDAQ:STMP) traded up 8.1% during trading on Thursday . The company traded as high as $182.96 and last traded at $176.56. 1,027,024 shares changed hands during trading, an increase of 190% from the average session volume of 353,718 shares. The stock had previously closed at $163.30.

A number of equities research analysts have issued reports on the stock. Craig Hallum cut their price objective on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 16th. BidaskClub lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. B. Riley set a $300.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a report on Thursday, October 18th. Finally, ValuEngine lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Stamps.com currently has a consensus rating of “Hold” and a consensus price target of $246.86.

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.96 billion, a PE ratio of 17.83, a P/E/G ratio of 1.11 and a beta of 0.20.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.38. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The business had revenue of $143.51 million during the quarter, compared to analyst estimates of $135.00 million. During the same period last year, the firm posted $2.68 EPS. The company’s revenue was up 24.7% on a year-over-year basis. Analysts predict that Stamps.com Inc. will post 9.79 EPS for the current year.

In related news, CMO Sebastian Buerba sold 2,501 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the transaction, the chief marketing officer now directly owns 720 shares of the company’s stock, valued at $160,192.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $226.66, for a total transaction of $271,992.00. Following the completion of the transaction, the insider now directly owns 1,541 shares of the company’s stock, valued at $349,283.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,901 shares of company stock valued at $1,051,927. 6.17% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Stamps.com by 4.8% in the third quarter. BlackRock Inc. now owns 2,638,614 shares of the software maker’s stock valued at $596,854,000 after purchasing an additional 119,818 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in shares of Stamps.com in the second quarter valued at $377,000. First Quadrant L P CA purchased a new position in shares of Stamps.com in the third quarter valued at $5,310,000. Commonwealth Equity Services LLC purchased a new position in shares of Stamps.com in the second quarter valued at $534,000. Finally, Morgan Stanley grew its holdings in shares of Stamps.com by 446.0% in the second quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after purchasing an additional 404,861 shares in the last quarter. 93.73% of the stock is owned by hedge funds and other institutional investors.

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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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