B. Riley Reiterates “$300.00” Price Target for Stamps.com (STMP)
Stamps.com (NASDAQ:STMP) has been assigned a $300.00 price objective by B. Riley in a research note issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. B. Riley’s target price would suggest a potential upside of 72.50% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Friday, November 16th. BidaskClub cut Stamps.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 6th. ValuEngine cut Stamps.com from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Craig Hallum dropped their price target on Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Finally, Maxim Group set a $320.00 price target on Stamps.com and gave the company a “buy” rating in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $246.86.
Shares of Stamps.com stock traded up $10.61 during midday trading on Thursday, hitting $173.91. 14,419 shares of the company were exchanged, compared to its average volume of 403,209. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $2.96 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.11 and a beta of 0.20. Stamps.com has a 52 week low of $145.78 and a 52 week high of $285.74.
In other news, CMO Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction on Monday, October 1st. The stock was sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the sale, the chief marketing officer now directly owns 720 shares of the company’s stock, valued at approximately $160,192.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $186.24, for a total value of $223,488.00. Following the completion of the sale, the insider now directly owns 1,541 shares of the company’s stock, valued at $286,995.84. The disclosure for this sale can be found here. Insiders have sold a total of 4,901 shares of company stock valued at $1,051,927 over the last ninety days. Insiders own 6.17% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Stamps.com by 100.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock valued at $125,000 after buying an additional 259 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Stamps.com by 6,925.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock valued at $127,000 after buying an additional 554 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Stamps.com in the 3rd quarter valued at $156,000. Quantbot Technologies LP acquired a new stake in shares of Stamps.com in the 3rd quarter valued at $167,000. Finally, BRYN MAWR TRUST Co acquired a new stake in shares of Stamps.com in the 2nd quarter valued at $202,000. 93.73% of the stock is owned by institutional investors.
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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