Stamps.com Inc. (NASDAQ:STMP) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $256.14.
STMP has been the subject of a number of analyst reports. ValuEngine lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday. Singular Research reissued a “buy” rating and issued a $93.00 price objective on shares of Stamps.com in a research report on Tuesday, June 19th. Maxim Group initiated coverage on shares of Stamps.com in a research report on Thursday, May 31st. They issued a “buy” rating and a $320.00 price objective for the company. Roth Capital boosted their price objective on shares of Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, BidaskClub lowered shares of Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st.
In other Stamps.com news, insider Sebastian Buerba sold 2,501 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $259.75, for a total transaction of $649,634.75. Following the sale, the insider now directly owns 720 shares of the company’s stock, valued at $187,020. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now directly owns 1,541 shares in the company, valued at $382,399.15. The disclosure for this sale can be found here. Insiders sold 8,699 shares of company stock worth $2,203,187 over the last ninety days. 6.17% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of STMP. Summit Trail Advisors LLC raised its holdings in shares of Stamps.com by 17,709.7% during the first quarter. Summit Trail Advisors LLC now owns 1,785,957 shares of the software maker’s stock worth $1,786,000 after purchasing an additional 1,775,929 shares during the period. Morgan Stanley increased its holdings in shares of Stamps.com by 446.0% in the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock worth $125,424,000 after acquiring an additional 404,861 shares during the period. BlackRock Inc. increased its holdings in shares of Stamps.com by 11.3% in the 2nd quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock worth $637,381,000 after acquiring an additional 255,512 shares during the period. Think Investments LP acquired a new stake in shares of Stamps.com in the 1st quarter worth about $32,791,000. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Stamps.com by 1,569.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 164,869 shares of the software maker’s stock worth $33,147,000 after acquiring an additional 154,992 shares during the period. 92.09% of the stock is currently owned by institutional investors.
STMP traded down $0.95 during midday trading on Wednesday, reaching $226.55. 3,850 shares of the company’s stock were exchanged, compared to its average volume of 221,949. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.37 billion, a P/E ratio of 22.78, a PEG ratio of 1.77 and a beta of -0.02. Stamps.com has a 1-year low of $160.00 and a 1-year high of $285.74.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.58. The company had revenue of $139.63 million during the quarter, compared to analysts’ expectations of $133.49 million. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 earnings per share. analysts forecast that Stamps.com will post 9.07 EPS for the current fiscal year.
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. 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.
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