EAM Investors LLC bought a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,872 shares of the software maker’s stock, valued at approximately $2,707,000. EAM Investors LLC owned approximately 0.14% of Stamps.com as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in STMP. Park West Asset Management LLC raised its position in shares of Stamps.com by 45.5% in the third quarter. Park West Asset Management LLC now owns 480,000 shares of the software maker’s stock valued at $45,365,000 after buying an additional 150,000 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Stamps.com by 2.6% in the first quarter. Conestoga Capital Advisors LLC now owns 411,487 shares of the software maker’s stock worth $48,699,000 after buying an additional 10,443 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Stamps.com by 5.0% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 398,069 shares of the software maker’s stock worth $45,639,000 after buying an additional 18,825 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Stamps.com by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 394,334 shares of the software maker’s stock worth $37,269,000 after buying an additional 15,114 shares in the last quarter. Finally, State Street Corp raised its position in shares of Stamps.com by 6.6% in the fourth quarter. State Street Corp now owns 356,759 shares of the software maker’s stock worth $40,902,000 after buying an additional 22,098 shares in the last quarter.
Shares of Stamps.com Inc. (STMP) traded up 1.87% during trading on Friday, reaching $147.10. The company’s stock had a trading volume of 380,110 shares. Stamps.com Inc. has a 52 week low of $68.82 and a 52 week high of $149.80. The firm has a market capitalization of $2.49 billion, a P/E ratio of 28.07 and a beta of 0.01. The company has a 50 day moving average price of $127.59 and a 200 day moving average price of $120.80.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.16. The firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $94.40 million. Stamps.com had a net margin of 24.55% and a return on equity of 35.30%. On average, equities research analysts expect that Stamps.com Inc. will post $7.30 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on STMP shares. Roth Capital reissued a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a report on Wednesday, May 31st. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 target price on the stock in a report on Wednesday, May 10th. Singular Research reaffirmed a “buy” rating and set a $145.00 target price (up from $134.00) on shares of Stamps.com in a report on Monday, February 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $210.00 target price on shares of Stamps.com in a report on Sunday, May 28th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $168.75.
In other Stamps.com news, Director Mohan P. Ananda sold 40,000 shares of Stamps.com stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $144.41, for a total value of $5,776,400.00. Following the transaction, the director now owns 726,524 shares in the company, valued at $104,917,330.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $117.29, for a total transaction of $586,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,784 shares of company stock worth $9,572,923. 11.46% of the stock is currently owned by company insiders.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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