Stamps.com (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 70,468 shares of Stamps.com stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $43.80, for a total transaction of $3,086,498.40. Following the completion of the sale, the chief executive officer now directly owns 5,448 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on STMP. Analysts at Roth Capital raised their price target on shares of Stamps.com (NASDAQ:STMP) from $40.00 to $42.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of Stamps.com (NASDAQ:STMP) from $43.50 to $47.25 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Stamps.com (NASDAQ:STMP) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 24th. They now have a $43.40 price target on the stock.
One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Stamps.com currently has a consensus rating of “Hold” and a consensus price target of $42.13.
Stamps.com (NASDAQ:STMP) traded down 1.32% on Wednesday, hitting $43.49. 110,940 shares of the company’s stock traded hands. Stamps.com has a 52-week low of $20.50 and a 52-week high of $46.47. The stock’s 50-day moving average is $41.25 and its 200-day moving average is $34.72. The company has a market cap of $680.3 million and a price-to-earnings ratio of 21.80.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.13. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.44 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Stamps.com will post $2.18 earnings per share for the current fiscal year.
Stamps.com Inc is a provider of Internet-based postage solutions. The Company’s customers use its service to mail and ship a variety of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (NASDAQ:STMP) mail classes, including First Class Mail, Priority Mail, Express Mail, Media Mail, Parcel Post, and others.