Stamps.com (NASDAQ:STMP) Trading 12.3% Higher

Stamps.com Inc. (NASDAQ:STMP) shares traded up 12.3% on Friday . The stock traded as high as $97.50 and last traded at $90.75, 1,857,214 shares changed hands during trading. An increase of 121% from the average session volume of 838,825 shares. The stock had previously closed at $80.82.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a research report on Friday, August 9th. BidaskClub raised shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th. Maxim Group reissued a “hold” rating on shares of Stamps.com in a research report on Friday, August 9th. B. Riley increased their price target on shares of Stamps.com from $62.50 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Craig Hallum increased their price target on shares of Stamps.com from $60.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.00.

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 company has a debt-to-equity ratio of 0.10, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50-day simple moving average is $79.22 and its two-hundred day simple moving average is $59.94.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results 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 net margin of 17.98% and a return on equity of 21.69%. The business had revenue of $138.77 million during the quarter, compared to analysts’ expectations of $128.35 million. During the same quarter in the prior year, the company posted $2.75 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that Stamps.com Inc. will post 2.63 EPS for the current year.

Large investors have recently bought and sold shares of the company. Taylor Hoffman Wealth Management purchased a new stake in shares of Stamps.com in the 3rd quarter worth about $31,000. Quadrant Capital Group LLC lifted its position in shares of Stamps.com by 74.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 918 shares of the software maker’s stock worth $68,000 after purchasing an additional 391 shares during the period. Advisor Group Inc. lifted its position in shares of Stamps.com by 405.7% in the 2nd quarter. Advisor Group Inc. now owns 1,674 shares of the software maker’s stock worth $76,000 after purchasing an additional 1,343 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Stamps.com by 37.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,851 shares of the software maker’s stock worth $84,000 after purchasing an additional 500 shares during the period. Finally, Advisory Services Network LLC lifted its position in shares of Stamps.com by 55.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,970 shares of the software maker’s stock worth $89,000 after purchasing an additional 700 shares during the period. 98.81% of the stock is owned by hedge funds and other institutional investors.

Stamps.com Company Profile (NASDAQ:STMP)

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.

Featured Article: After-Hours Trading

Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.