Stamps.com Inc. (STMP) Receives Average Rating of “Buy” from Brokerages

Shares of Stamps.com Inc. (NASDAQ:STMP) have been given an average rating of “Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $256.86.

A number of research firms have recently issued reports on STMP. Craig Hallum restated a “buy” rating and issued a $265.00 price target (down from $300.00) on shares of Stamps.com in a research note on Thursday. B. Riley set a $300.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Tuesday. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Friday, July 27th. BidaskClub downgraded Stamps.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Finally, Roth Capital raised their price target on Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th.

Shares of STMP stock traded down $19.70 on Thursday, reaching $182.47. The stock had a trading volume of 1,290,192 shares, compared to its average volume of 342,430. The company has a market cap of $3.65 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.48 and a beta of -0.03. Stamps.com has a 1 year low of $160.00 and a 1 year high of $285.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.38. The firm had revenue of $143.51 million for the quarter, compared to the consensus estimate of $135.00 million. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the business posted $2.68 EPS. As a group, analysts expect that Stamps.com will post 9.07 earnings per share for the current year.

In related news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction on Monday, October 1st. The stock was sold at an average price of $226.66, for a total transaction of $271,992.00. Following the transaction, the insider now directly owns 1,541 shares in the company, valued at $349,283.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction on Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the transaction, the chief marketing officer now owns 720 shares in the company, valued at $160,192.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,400 shares of company stock worth $1,750,245. Company insiders own 6.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cim LLC lifted its position in Stamps.com by 7.0% during the second quarter. Cim LLC now owns 3,133 shares of the software maker’s stock valued at $793,000 after purchasing an additional 205 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Stamps.com by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the software maker’s stock valued at $430,000 after purchasing an additional 205 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Stamps.com by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock valued at $125,000 after purchasing an additional 259 shares in the last quarter. Congress Asset Management Co. MA lifted its position in Stamps.com by 1.4% during the second quarter. Congress Asset Management Co. MA now owns 18,558 shares of the software maker’s stock valued at $4,696,000 after purchasing an additional 261 shares in the last quarter. Finally, Polen Capital Management LLC lifted its position in Stamps.com by 12.0% during the second quarter. Polen Capital Management LLC now owns 2,515 shares of the software maker’s stock valued at $636,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 92.25% of the company’s stock.

About Stamps.com

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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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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