Trading Report: Today, Roth Capital Reiterates $133.00 Price Target for Stamps.com Inc. (STMP)

Today, Roth Capital Reiterates $133.00 Price Target for Stamps.com Inc. (STMP)

Stamps.com Inc. (NASDAQ:STMP) has been assigned a $133.00 price target by equities research analysts at Roth Capital in a report issued on Sunday. The brokerage currently has a “buy” rating on the stock. Roth Capital’s price target points to a potential upside of 17.23% from the stock’s previous close.

A number of other brokerages also recently weighed in on STMP. Craig Hallum reissued a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 29th. Finally, B. Riley reaffirmed a “buy” rating and issued a $160.00 target price on shares of Stamps.com in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Stamps.com has an average rating of “Buy” and an average target price of $145.67.

Stamps.com (NASDAQ:STMP) traded up 0.44% during trading on Friday, hitting $113.45. The company had a trading volume of 108,200 shares. The company has a market capitalization of $1934.55 billion, a price-to-earnings ratio of 45.20 and a beta of 0.23. Stamps.com has a one year low of $68.82 and a one year high of $123.75. The stock has a 50-day moving average of $99.29 and a 200 day moving average of $90.25.

Stamps.com (NASDAQ:STMP) last released its earnings results on Thursday, November 3rd. The company reported $2.33 earnings per share (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 had revenue of $92.60 million for the quarter, compared to analyst estimates of $79.40 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. Stamps.com’s revenue was up 79.1% on a year-over-year basis. Equities analysts forecast that Stamps.com will post $8.29 EPS for the current fiscal year.

In related news, insider James Bortnak sold 5,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $94.53, for a total transaction of $472,650.00. Following the sale, the insider now owns 6,093 shares of the company’s stock, valued at $575,971.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lloyd I. Miller III sold 35,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $108.00, for a total value of $3,780,000.00. Following the sale, the director now directly owns 195,669 shares in the company, valued at approximately $21,132,252. The disclosure for this sale can be found here. 11.46% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Hancock Holding Co. increased its stake in shares of Stamps.com by 0.3% in the first quarter. Hancock Holding Co. now owns 8,591 shares of the company’s stock worth $913,000 after buying an additional 23 shares in the last quarter. American International Group Inc. increased its stake in shares of Stamps.com by 0.4% in the third quarter. American International Group Inc. now owns 12,012 shares of the company’s stock worth $1,135,000 after buying an additional 51 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 worth $329,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Stamps.com by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock worth $671,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Stamps.com by 1.2% in the third quarter. Arizona State Retirement System now owns 8,291 shares of the company’s stock worth $784,000 after buying an additional 100 shares in the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.

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