Todays Report: Today: 5,000 Shares of Stamps.com Inc. (STMP) Stock are sold by James Bortnak

Today: 5,000 Shares of Stamps.com Inc. (STMP) Stock are sold by James Bortnak

Stamps.com Inc. (NASDAQ:STMP) insider James Bortnak sold 5,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $113.29, for a total value of $566,450.00. Following the transaction, the insider now directly owns 6,093 shares in the company, valued at $690,275.97. The sale was disclosed in a filing with the SEC, which is available through this link.

James Bortnak also recently made the following trade(s): On Monday, October 24th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $94.54, for a total value of $472,700.00. On Monday, September 26th, James Bortnak sold 5,000 shares of Stamps.com stock. The shares were sold at an average price of $94.53, for a total value of $472,650.00.

Stamps.com Inc. (NASDAQ:STMP) traded down 1.94% during mid-day trading on Monday, reaching $111.25. The company’s stock had a trading volume of 272,974 shares. The stock’s 50 day moving average is $99.29 and its 200 day moving average is $90.25. Stamps.com Inc. has a one year low of $68.82 and a one year high of $123.75. The firm has a market cap of $1.90 billion, a PE ratio of 43.30 and a beta of 0.23.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Thursday, November 3rd. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.57 by $0.76. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. The business earned $92.60 million during the quarter, compared to analyst estimates of $79.40 million. During the same period last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 79.1% on a year-over-year basis. On average, analysts anticipate that Stamps.com Inc. will post $8.29 EPS for the current year.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 10th. B. Riley reaffirmed a “buy” rating and set a $160.00 target price on shares of Stamps.com in a research report on Tuesday, August 9th. Finally, Roth Capital set a $133.00 target price on Stamps.com and gave the company a “buy” rating in a research report on Sunday, November 6th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $145.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STMP. DekaBank Deutsche Girozentrale bought a new position in Stamps.com during the third quarter worth about $114,000. BlackRock Inc. raised its position in Stamps.com by 46.2% in the second quarter. BlackRock Inc. now owns 1,409 shares of the company’s stock worth $123,000 after buying an additional 445 shares during the period. Acrospire Investment Management LLC raised its position in Stamps.com by 55.6% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $132,000 after buying an additional 500 shares during the period. Mosaic Family Wealth LLC bought a new position in Stamps.com during the third quarter worth about $132,000. Finally, Paradigm Asset Management Co. LLC raised its position in Stamps.com by 13.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,701 shares of the company’s stock worth $149,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Stamps.com Company Profile

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