Maxim Group set a $320.00 price objective on Stamps.com (NASDAQ:STMP) in a report released on Wednesday morning. The firm currently has a buy rating on the software maker’s stock.
Several other research firms have also commented on STMP. B. Riley set a $300.00 price objective on Stamps.com and gave the stock a buy rating in a research report on Tuesday. BidaskClub lowered Stamps.com from a strong-buy rating to a buy rating in a research report on Wednesday, August 1st. ValuEngine upgraded Stamps.com from a hold rating to a buy rating in a research report on Tuesday, September 4th. Finally, Roth Capital increased their target price on Stamps.com from $255.00 to $305.00 and gave the company a buy rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Stamps.com has a consensus rating of Hold and a consensus target price of $252.63.
Stamps.com stock traded down $5.29 during mid-day trading on Wednesday, hitting $177.18. The company had a trading volume of 665,149 shares, compared to its average volume of 477,847. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. Stamps.com has a 12-month low of $160.00 and a 12-month high of $285.74. The firm has a market cap of $3.67 billion, a PE ratio of 17.90, a P/E/G ratio of 1.49 and a beta of 0.23.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.38. Stamps.com had a return on equity of 37.57% and a net margin of 30.26%. The business had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. During the same quarter in the prior year, the firm posted $2.68 EPS. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, equities research analysts forecast that Stamps.com will post 9.07 EPS for the current year.
In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction that occurred 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 owns 1,541 shares in the company, valued at approximately $349,283.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Sebastian Buerba sold 2,501 shares of the stock in a transaction that occurred 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 approximately $160,192.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,400 shares of company stock worth $1,750,245 in the last quarter. Insiders own 6.17% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Stamps.com by 11.3% during the 2nd quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock valued at $637,381,000 after buying an additional 255,512 shares in the last quarter. Morgan Stanley lifted its holdings in Stamps.com by 446.0% in the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after purchasing an additional 404,861 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Stamps.com by 16.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock valued at $86,652,000 after purchasing an additional 53,051 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Stamps.com by 69.8% in the 2nd quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after purchasing an additional 147,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Stamps.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,073 shares of the software maker’s stock valued at $72,645,000 after purchasing an additional 1,095 shares in the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.
Stamps.com Company Profile
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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