Comerica Bank trimmed its position in Stamps.com Inc. (NASDAQ:STMP) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,444 shares of the software maker’s stock after selling 924 shares during the period. Comerica Bank owned about 0.09% of Stamps.com worth $736,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. SQN Investors LP lifted its position in shares of Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock valued at $66,550,000 after buying an additional 218,182 shares in the last quarter. Elk Creek Partners LLC purchased a new position in shares of Stamps.com during the 1st quarter valued at about $10,813,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Stamps.com during the 1st quarter valued at about $2,650,000. Spark Investment Management LLC purchased a new position in shares of Stamps.com during the 1st quarter valued at about $2,605,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Stamps.com during the 1st quarter valued at about $2,481,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ STMP traded up $1.09 during trading hours on Friday, reaching $75.13. The company’s stock had a trading volume of 30,244 shares, compared to its average volume of 482,411. The firm’s 50-day moving average price is $58.73 and its 200-day moving average price is $61.64. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.10. Stamps.com Inc. has a 1 year low of $32.54 and a 1 year high of $244.25. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.87 and a beta of 1.14.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, topping the Zacks’ 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 company had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $128.35 million. During the same period in the previous year, the firm earned $2.75 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Stamps.com Inc. will post 2.65 EPS for the current fiscal year.
STMP has been the topic of a number of analyst reports. Roth Capital raised Stamps.com from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $32.00 to $52.00 in a research report on Wednesday, September 4th. Craig Hallum raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Zacks Investment Research raised Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 price objective on the stock in a research report on Friday, August 9th. Maxim Group reaffirmed a “hold” rating on shares of Stamps.com in a research report on Friday, August 9th. Finally, BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.00.
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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