Stamps.com Inc. (NASDAQ:STMP) CFO Kyle Huebner sold 145,454 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $130.88, for a total transaction of $19,037,019.52. Following the completion of the transaction, the chief financial officer now owns 22,556 shares of the company’s stock, valued at $2,952,129.28. The sale was disclosed in a filing with the SEC, which is available at this link.
Kyle Huebner also recently made the following trade(s):
- On Friday, February 17th, Kyle Huebner sold 10,000 shares of Stamps.com stock. The stock was sold at an average price of $130.73, for a total transaction of $1,307,300.00.
Stamps.com Inc. (NASDAQ:STMP) opened at 128.30 on Tuesday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 31.14 and a beta of 0.12. The firm has a 50-day moving average of $127.54 and a 200 day moving average of $109.96. Stamps.com Inc. has a one year low of $68.82 and a one year high of $136.00.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Thursday, February 23rd. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.37. Stamps.com had a net margin of 14.05% and a return on equity of 30.57%. The firm earned $105.90 million during the quarter, compared to analyst estimates of $97.38 million. During the same period last year, the firm posted $1.57 earnings per share. Stamps.com’s revenue for the quarter was up 51.6% compared to the same quarter last year. Equities research analysts predict that Stamps.com Inc. will post $6.49 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new position in Stamps.com during the third quarter worth $114,000. 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 acquired a new position in Stamps.com during the third quarter worth $132,000. Fortaleza Asset Management Inc. acquired a new position in Stamps.com during the fourth quarter worth $204,000. Finally, Koch Industries Inc. acquired a new position in Stamps.com during the fourth quarter worth $217,000.
Several brokerages have commented on STMP. B. Riley restated a “buy” rating and issued a $184.00 price objective on shares of Stamps.com in a report on Tuesday, February 21st. Roth Capital set a $162.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a report on Saturday, February 25th. Singular Research restated a “buy” rating and issued a $145.00 price objective (up from $134.00) on shares of Stamps.com in a report on Monday, February 27th. Finally, Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.25.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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