Stamps.com Target of Unusually Large Options Trading (NASDAQ:STMP)

Stamps.com Inc. (NASDAQ:STMP) was the target of unusually large options trading on Tuesday. Stock investors acquired 5,013 call options on the stock. This is an increase of 1,230% compared to the typical daily volume of 377 call options.

Shares of STMP opened at $91.25 on Thursday. 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 capitalization of $1.54 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The stock’s fifty day simple moving average is $74.21 and its 200 day simple moving average is $59.26. Stamps.com has a twelve month low of $32.54 and a twelve month high of $211.39.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, beating the 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 analyst estimates of $128.35 million. During the same period last year, the company posted $2.75 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that Stamps.com will post 2.7 earnings per share for the current year.

Several research analysts recently weighed in on the company. Roth Capital increased their target price on Stamps.com from $52.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday. Craig Hallum increased their target price on Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a research report on Friday, August 9th. ValuEngine raised Stamps.com from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, B. Riley increased their target price on Stamps.com from $62.50 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.00.

A number of large investors have recently added to or reduced their stakes in STMP. Okumus Fund Management Ltd. purchased a new position in Stamps.com in the second quarter valued at about $50,911,000. Simcoe Capital Management LLC purchased a new position in Stamps.com in the second quarter valued at about $28,427,000. Nuveen Asset Management LLC purchased a new position in Stamps.com in the second quarter valued at about $15,353,000. JPMorgan Chase & Co. raised its position in Stamps.com by 380.6% in the second quarter. JPMorgan Chase & Co. now owns 209,260 shares of the software maker’s stock valued at $9,031,000 after purchasing an additional 165,719 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Stamps.com in the second quarter valued at about $4,775,000. 99.68% of the stock is currently owned by institutional investors.

About Stamps.com

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.

See Also: Buy-Side Analysts

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