Latest Stocks: Stamps.com’s (STMP) Buy Rating Reaffirmed at Roth Capital

Latest Stocks: Stamps.com’s (STMP) Buy Rating Reaffirmed at Roth Capital

Roth Capital reaffirmed their buy rating on shares of Stamps.com Inc. (NASDAQ:STMP) in a research report released on Wednesday. The firm currently has a $166.00 target price on the software maker’s stock.

STMP has been the subject of a number of other reports. Zacks Investment Research upgraded Stamps.com from a hold rating to a strong-buy rating and set a $119.00 target price for the company in a report on Wednesday, May 10th. ValuEngine downgraded Stamps.com from a buy rating to a hold rating in a report on Wednesday, May 24th. Singular Research reaffirmed a buy rating and set a $145.00 price target (up from $134.00) on shares of Stamps.com in a report on Monday, February 27th. Finally, B. Riley reaffirmed a buy rating and set a $210.00 price target on shares of Stamps.com in a report on Sunday, May 28th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of $168.75.

In other news, insider Amine Khechfe sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $120.00, for a total value of $288,000.00. Following the completion of the sale, the insider now directly owns 2,572 shares of the company’s stock, valued at approximately $308,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth Weisberg sold 5,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $140.36, for a total value of $701,800.00. Following the completion of the sale, the insider now directly owns 23,072 shares of the company’s stock, valued at $3,238,385.92. The disclosure for this sale can be found here. Insiders have sold a total of 261,650 shares of company stock valued at $33,761,632 over the last ninety days. 11.46% of the stock is owned by company insiders. Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after buying an additional 1,879,168 shares during the last quarter. UBS Oconnor LLC increased its stake in Stamps.com by 482.4% in the third quarter. UBS Oconnor LLC now owns 207,635 shares of the software maker’s stock valued at $19,624,000 after buying an additional 171,981 shares during the last quarter. P2 Capital Partners LLC increased its stake in Stamps.com by 21.1% in the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock valued at $84,759,000 after buying an additional 125,000 shares during the last quarter. Garelick Capital Partners LP increased its stake in Stamps.com by 111.0% in the first quarter. Garelick Capital Partners LP now owns 195,153 shares of the software maker’s stock valued at $23,096,000 after buying an additional 102,674 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Stamps.com during the first quarter valued at $12,130,000.

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