Stamps.com Inc. (NASDAQ:STMP) Director Lloyd I. Miller III sold 6,750 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $126.00, for a total transaction of $850,500.00. Following the transaction, the director now directly owns 195,269 shares in the company, valued at approximately $24,603,894. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 127.70 on Monday. Stamps.com Inc. has a 1-year low of $68.82 and a 1-year high of $128.99. The company’s 50-day moving average is $119.61 and its 200 day moving average is $102.16. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 49.71 and a beta of 0.12.
Several brokerages have recently commented on STMP. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 10th. B. Riley reaffirmed a “buy” rating and set a $184.00 price target on shares of Stamps.com in a research report on Friday, November 4th. Finally, Roth Capital set a $133.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research report on Sunday, November 6th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Oconnor LLC increased its position in shares of Stamps.com by 482.4% in the third quarter. UBS Oconnor LLC now owns 207,635 shares of the company’s stock valued at $19,624,000 after buying an additional 171,981 shares during the period. AMI Asset Management Corp bought a new stake in Stamps.com during the third quarter valued at about $14,799,000. Weatherbie Capital LLC bought a new stake in Stamps.com during the second quarter valued at about $13,275,000. Columbus Circle Investors raised its stake in Stamps.com by 51.7% in the second quarter. Columbus Circle Investors now owns 441,618 shares of the company’s stock valued at $38,606,000 after buying an additional 150,419 shares in the last quarter. Finally, Park West Asset Management LLC raised its stake in Stamps.com by 45.5% in the third quarter. Park West Asset Management LLC now owns 480,000 shares of the company’s stock valued at $45,365,000 after buying an additional 150,000 shares in the last quarter.
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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