Vanguard Group Inc boosted its holdings in Stamps.com Inc. (NASDAQ:STMP) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,728,469 shares of the software maker’s stock after buying an additional 15,545 shares during the quarter. Vanguard Group Inc owned 9.55% of Stamps.com worth $390,979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Stamps.com by 6,925.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock valued at $127,000 after acquiring an additional 554 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Stamps.com during the 3rd quarter valued at $167,000. Rafferty Asset Management LLC purchased a new position in shares of Stamps.com during the 3rd quarter valued at $295,000. Mutual Advisors LLC purchased a new position in shares of Stamps.com during the 3rd quarter valued at $296,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Stamps.com during the 3rd quarter valued at $318,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.
STMP has been the subject of several analyst reports. Craig Hallum reduced their price objective on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 16th. B. Riley set a $300.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a research note on Thursday, October 18th. BidaskClub lowered shares of Stamps.com from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, ValuEngine raised shares of Stamps.com from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $248.71.
In related news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $152.45, for a total value of $182,940.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at $234,925.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.17% of the company’s stock.
Stamps.com stock traded up $4.18 on Monday, reaching $175.85. 347,086 shares of the stock were exchanged, compared to its average volume of 256,933. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.25 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. Stamps.com Inc. has a twelve month low of $141.38 and a twelve month high of $285.74.
Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.38. The firm had revenue of $143.51 million during the quarter, compared to analyst estimates of $135.00 million. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The business’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 EPS. As a group, sell-side analysts expect that Stamps.com Inc. will post 9.79 earnings per share for the current year.
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Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. 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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