The Chief Product & Strategy Offic of Stampscom (NASDAQ: STMP) is Buying Shares


Today, the Chief Product & Strategy Offic of Stampscom (NASDAQ: STMP), John Roland Clem, bought shares of STMP for $106.4K.

Following John Roland Clem’s last STMP Buy transaction on June 09, 2017, the stock climbed by 93.8%. This recent transaction increases John Roland Clem’s holding in the company by 67.75% to a total of $1.33 million.

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Based on Stampscom’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $134 million and quarterly net profit of $47.04 million. In comparison, last year the company earned revenue of $105 million and had a net profit of $33.14 million. STMP’s market cap is $4.22B and the company has a P/E ratio of 27.02. Currently, Stampscom has an average volume of 301.1K.

Starting in November 2015, STMP received 55 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $271.67, reflecting a -11.3% downside. Five different firms, including B.Riley FBR and Craig-Hallum, currently also have a Buy rating on the stock.

The insider sentiment on Stampscom has been positive according to 73 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Stamps.com, Inc. engages in the provision of Internet-based mailing and shipping solutions. It enables small businesses, enterprises, and online retailers to print U.S. Postal Service-approved postage. It operates under the Stamps.com, Endicia, ShipStation, ShipWorks, and ShippingEasy brands. The company was founded by James A. C.

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