News coverage about Stamps.com (NASDAQ:STMP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stamps.com earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 47.3307774332763 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
Stamps.com (STMP) opened at $175.00 on Friday. The stock has a market cap of $3,058.82, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.08. Stamps.com has a 12 month low of $99.81 and a 12 month high of $233.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.25 and a quick ratio of 2.30.
Stamps.com announced that its board has approved a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $90.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
A number of brokerages recently issued reports on STMP. Roth Capital increased their price target on shares of Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Northland Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Stamps.com in a report on Thursday, October 12th. Zacks Investment Research cut shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley set a $250.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $217.71.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Stamps.com (NASDAQ:STMP) Stock Price” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/12/stamps-com-stmp-earning-somewhat-favorable-press-coverage-analysis-shows.html.
In related news, Director Mohan P. Ananda sold 40,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $208.81, for a total transaction of $8,352,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael John Biswas sold 76,602 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $196.55, for a total transaction of $15,056,123.10. Following the completion of the sale, the insider now directly owns 15,365 shares of the company’s stock, valued at approximately $3,019,990.75. The disclosure for this sale can be found here. Insiders sold a total of 501,754 shares of company stock worth $102,101,248 over the last quarter. Insiders own 11.46% of the company’s stock.
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.
Receive News & Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.