Stamps.com (NASDAQ:STMP) Shares Down 5.9%


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Shares of Stamps.com Inc. (NASDAQ:STMP) dropped 5.9% during mid-day trading on Thursday . The stock traded as low as $195.43 and last traded at $196.19. Approximately 543,296 shares traded hands during trading, an increase of 31% from the average daily volume of 415,129 shares. The stock had previously closed at $208.52.

Several equities analysts have issued reports on STMP shares. BidaskClub raised shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a report on Monday, December 28th. Zacks Investment Research raised shares of Stamps.com from a “sell” rating to a “hold” rating in a report on Thursday, December 3rd. Finally, ValuEngine lowered shares of Stamps.com from a “sell” rating to a “strong sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $176.80.

The company’s 50 day moving average price is $195.76 and its 200 day moving average price is $224.26. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 37.09 and a beta of 0.50.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Thursday, November 5th. The software maker reported $3.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $1.87. Stamps.com had a net margin of 14.91% and a return on equity of 15.81%. The business had revenue of $193.92 million during the quarter, compared to the consensus estimate of $161.77 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, research analysts expect that Stamps.com Inc. will post 7.17 earnings per share for the current year.

In related news, CTO Jonathan Bourgoine sold 1,814 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $256.00, for a total transaction of $464,384.00. Following the completion of the transaction, the chief technology officer now directly owns 1,250 shares in the company, valued at $320,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth Thomas Mcbride sold 29,028 shares of the business’s stock in a transaction on Thursday, December 17th. The shares were sold at an average price of $206.58, for a total transaction of $5,996,604.24. Following the transaction, the chief executive officer now owns 10,389 shares of the company’s stock, valued at $2,146,159.62. The disclosure for this sale can be found here. Insiders have sold 67,074 shares of company stock valued at $14,004,525 over the last quarter. Insiders own 9.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp lifted its position in Stamps.com by 1.7% during the third quarter. M&T Bank Corp now owns 3,005 shares of the software maker’s stock valued at $724,000 after purchasing an additional 51 shares during the period. Glenmede Trust Co. NA lifted its position in Stamps.com by 39.2% during the second quarter. Glenmede Trust Co. NA now owns 231 shares of the software maker’s stock valued at $42,000 after purchasing an additional 65 shares during the period. State of Tennessee Treasury Department lifted its position in Stamps.com by 0.7% during the third quarter. State of Tennessee Treasury Department now owns 10,489 shares of the software maker’s stock valued at $2,527,000 after purchasing an additional 75 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in Stamps.com by 4.9% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,871 shares of the software maker’s stock valued at $344,000 after purchasing an additional 87 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Stamps.com by 7.9% during the third quarter. Crossmark Global Holdings Inc. now owns 1,630 shares of the software maker’s stock valued at $393,000 after purchasing an additional 120 shares during the period. Institutional investors own 86.12% 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 and Europe. It operates through Stamps.com and MetaPack segments. 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, Endicia, ShipEngine, ShipStation, ShipWorks, and ShippingEasy brands.

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