Shares of Stamps.com Inc. (NASDAQ:STMP) have earned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $210.00.
A number of brokerages have recently issued reports on STMP. Northland Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Thursday, October 12th. Zacks Investment Research lowered Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley set a $250.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Thursday, October 5th. ValuEngine lowered Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Craig Hallum set a $230.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th.
Stamps.com (NASDAQ:STMP) traded up 2.90% on Friday, reaching $220.20. The company had a trading volume of 323,374 shares. Stamps.com has a 1-year low of $89.49 and a 1-year high of $231.40. The stock has a market capitalization of $3.72 billion, a P/E ratio of 35.61 and a beta of -0.04. The stock’s 50 day moving average is $210.24 and its 200-day moving average is $164.58.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analyst estimates of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The business’s revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. On average, equities analysts predict that Stamps.com will post $8.05 EPS for the current fiscal year.
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In related news, CMO Sebastian Buerba sold 3,448 shares of Stamps.com stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $230.05, for a total transaction of $793,212.40. Following the transaction, the chief marketing officer now owns 16,871 shares in the company, valued at $3,881,173.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey Carberry sold 59,583 shares of Stamps.com stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $225.01, for a total value of $13,406,770.83. Following the transaction, the chief financial officer now owns 14,016 shares in the company, valued at approximately $3,153,740.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 553,754 shares of company stock worth $112,580,088. 11.46% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in STMP. BlackRock Inc. lifted its position in Stamps.com by 143,777.2% during the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares in the last quarter. Newbrook Capital Advisors LP purchased a new position in Stamps.com during the second quarter worth approximately $39,979,000. Calixto Global Investors LP lifted its position in Stamps.com by 111.5% during the second quarter. Calixto Global Investors LP now owns 379,168 shares of the software maker’s stock worth $58,724,000 after buying an additional 199,869 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Stamps.com during the second quarter worth approximately $21,793,000. Finally, DSAM Partners London Ltd purchased a new position in Stamps.com during the second quarter worth approximately $20,876,000.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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