Stamps.com Inc. (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $131.76, for a total value of $658,800.00. Following the completion of the transaction, the chief executive officer now owns 5,206 shares in the company, valued at approximately $685,942.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Kenneth Thomas Mcbride also recently made the following trade(s):
- On Friday, March 10th, Kenneth Thomas Mcbride sold 70,000 shares of Stamps.com stock. The stock was sold at an average price of $128.98, for a total value of $9,028,600.00.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded down 0.62% during mid-day trading on Monday, reaching $128.00. The company’s stock had a trading volume of 97,104 shares. The company has a 50 day moving average price of $127.54 and a 200 day moving average price of $109.96. The stock has a market capitalization of $2.16 billion, a P/E ratio of 31.07 and a beta of 0.12. Stamps.com Inc. has a 12 month low of $68.82 and a 12 month high of $136.00.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.37. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. The business earned $105.90 million during the quarter, compared to analyst estimates of $97.38 million. During the same period last year, the company earned $1.57 earnings per share. Stamps.com’s quarterly revenue was up 51.6% compared to the same quarter last year. On average, equities research analysts anticipate that Stamps.com Inc. will post $6.49 earnings per share for the current fiscal year.
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Several research analysts recently commented on STMP shares. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 5th. Roth Capital set a $156.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Friday, February 17th. Singular Research reiterated a “buy” rating and issued a $145.00 price target (up previously from $134.00) on shares of Stamps.com in a research note on Monday, February 27th. Finally, B. Riley reiterated a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a research note on Sunday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $159.25.
Institutional investors have recently bought and sold shares of the company. Renaissance Group LLC increased its position in Stamps.com by 0.4% in the fourth quarter. Renaissance Group LLC now owns 3,632 shares of the company’s stock valued at $416,000 after buying an additional 14 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Stamps.com by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,481 shares of the company’s stock valued at $284,000 after buying an additional 25 shares during the last quarter. American International Group Inc. increased its position in Stamps.com by 0.4% in the third quarter. American International Group Inc. now owns 12,012 shares of the company’s stock valued at $1,135,000 after buying an additional 51 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Stamps.com by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,480 shares of the company’s stock valued at $329,000 after buying an additional 60 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Stamps.com by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock valued at $671,000 after buying an additional 100 shares during the last quarter.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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