Stamps.com (STMP) Reaches New 1-Year High and Low at $282.30

Stamps.com Inc. (NASDAQ:STMP)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $282.30 and last traded at $281.40, with a volume of 10046 shares. The stock had previously closed at $277.50.

Several research firms have issued reports on STMP. Craig Hallum lifted their price target on shares of Stamps.com from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, April 23rd. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. BidaskClub raised shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 11th. Roth Capital lifted their price target on shares of Stamps.com from $230.00 to $244.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Finally, Sidoti lifted their price target on shares of Stamps.com from $254.00 to $265.00 in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Stamps.com presently has a consensus rating of “Buy” and an average price target of $266.00.

The firm has a market cap of $4.78 billion and a price-to-earnings ratio of 28.44. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.11.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Thursday, May 3rd. The software maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.62. The firm had revenue of $133.57 million for the quarter, compared to analyst estimates of $123.49 million. Stamps.com had a net margin of 33.08% and a return on equity of 41.43%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share. analysts anticipate that Stamps.com Inc. will post 8.91 EPS for the current fiscal year.

In other Stamps.com news, Director Mohan P. Ananda sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $270.00, for a total value of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $199.55, for a total transaction of $239,460.00. Following the completion of the sale, the insider now directly owns 1,497 shares in the company, valued at $298,726.35. The disclosure for this sale can be found here. Insiders have sold 98,321 shares of company stock worth $25,046,248 over the last three months. Corporate insiders own 6.17% of the company’s stock.

A number of large investors have recently bought and sold shares of STMP. Signaturefd LLC purchased a new stake in Stamps.com in the first quarter valued at $105,000. Sei Investments Co. boosted its holdings in Stamps.com by 196.5% in the first quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock valued at $119,000 after purchasing an additional 391 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Stamps.com in the first quarter valued at $123,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Stamps.com by 47.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock valued at $149,000 after purchasing an additional 255 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Stamps.com in the first quarter valued at $201,000. 98.65% of the stock is currently owned by institutional investors.

Stamps.com Company Profile

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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