Riverhead Capital Management LLC grew its holdings in Stamps.com Inc. (NASDAQ:STMP) by 37.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,851 shares of the software maker’s stock after purchasing an additional 500 shares during the quarter. Riverhead Capital Management LLC’s holdings in Stamps.com were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of Stamps.com by 85.6% in the 2nd quarter. Pacer Advisors Inc. now owns 20,344 shares of the software maker’s stock valued at $921,000 after purchasing an additional 9,380 shares during the period. Quantamental Technologies LLC lifted its stake in shares of Stamps.com by 201.9% in the 2nd quarter. Quantamental Technologies LLC now owns 4,673 shares of the software maker’s stock valued at $212,000 after purchasing an additional 3,125 shares during the period. U S Global Investors Inc. acquired a new position in shares of Stamps.com in the 2nd quarter valued at about $309,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Stamps.com by 14.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 126,406 shares of the software maker’s stock valued at $5,723,000 after purchasing an additional 15,958 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of Stamps.com in the 2nd quarter valued at about $412,000. 99.77% of the stock is currently owned by institutional investors.
STMP stock traded up $1.09 during trading on Friday, reaching $75.13. 328,662 shares of the stock were exchanged, compared to its average volume of 464,547. The firm’s 50 day moving average is $59.29 and its 200 day moving average is $61.59. Stamps.com Inc. has a twelve month low of $32.54 and a twelve month high of $239.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.27 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.86 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.68. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The business had revenue of $138.77 million for the quarter, compared to the consensus estimate of $128.35 million. During the same period in the prior year, the business earned $2.75 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that Stamps.com Inc. will post 2.65 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on STMP shares. BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Maxim Group reissued a “hold” rating on shares of Stamps.com in a research note on Friday, August 9th. Roth Capital raised Stamps.com from a “sell” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $52.00 in a research note on Wednesday, September 4th. Zacks Investment Research raised Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research note on Friday, August 9th. Finally, Craig Hallum raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Stamps.com presently has a consensus rating of “Hold” and an average target price of $58.00.
Stamps.com Company Profile
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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