Symons Capital Management Inc. Takes $215,000 Position in Stamps.com Inc. (NASDAQ:STMP)

Symons Capital Management Inc. acquired a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,890 shares of the software maker’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently bought and sold shares of STMP. Taylor Hoffman Wealth Management bought a new position in Stamps.com in the third quarter worth $31,000. Alps Advisors Inc. bought a new position in Stamps.com in the third quarter worth $358,000. California Public Employees Retirement System lifted its position in Stamps.com by 13.1% in the third quarter. California Public Employees Retirement System now owns 29,899 shares of the software maker’s stock worth $2,226,000 after purchasing an additional 3,466 shares during the period. Fisher Asset Management LLC lifted its position in Stamps.com by 10.0% in the third quarter. Fisher Asset Management LLC now owns 823,456 shares of the software maker’s stock worth $61,306,000 after purchasing an additional 74,872 shares during the period. Finally, Requisite Capital Management LLC bought a new position in Stamps.com in the third quarter worth $298,000. 98.81% of the stock is owned by institutional investors.

Shares of NASDAQ STMP traded up $9.93 during midday trading on Friday, reaching $90.75. 1,857,200 shares of the company traded hands, compared to its average volume of 838,825. Stamps.com Inc. has a 12 month low of $32.54 and a 12 month high of $207.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $1.49 billion, a PE ratio of 9.22, a PEG ratio of 2.20 and a beta of 1.13. The stock’s 50-day simple moving average is $79.22 and its 200-day simple moving average is $59.94.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.68. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The business had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $128.35 million. During the same quarter in the previous year, the business posted $2.75 EPS. Stamps.com’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts expect that Stamps.com Inc. will post 2.63 EPS for the current year.

STMP has been the subject of a number of analyst reports. BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. Craig Hallum lifted their price objective on Stamps.com from $60.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. ValuEngine raised Stamps.com from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley lifted their price objective on Stamps.com from $62.50 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Roth Capital lifted their price objective on Stamps.com from $52.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Stamps.com has an average rating of “Hold” and an average target price of $78.00.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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 and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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