Somewhat Favorable News Coverage Somewhat Unlikely to Impact Stamps.com (STMP) Share Price
Media coverage about Stamps.com (NASDAQ:STMP) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stamps.com earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.6147322153329 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- ETFs with exposure to Stamps.com, Inc. : August 11, 2017 (finance.yahoo.com)
- Stamps.Com Inc Shares Up 89.9% Since SmarTrend’s Buy Recommendation (STMP) (mysmartrend.com)
- Stamps.com Inc. (NASDAQ:STMP) Director Sells $5,635,710.00 in Stock (americanbankingnews.com)
- Stamps.com Inc. (STMP) has a value of $213.45 per share While Telefonica, SA (TEF) is stand at $11.46 – Stocks Gallery (stocksgallery.com)
- Stamps.com Inc. (NASDAQ:STMP) Closed Much Higher Than Its 50 Day Average – Modern Readers (modernreaders.com)
STMP has been the subject of a number of research analyst reports. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. B. Riley reiterated a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a report on Sunday, May 7th. Sidoti reiterated a “buy” rating and issued a $182.00 price target on shares of Stamps.com in a report on Thursday, July 6th. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a report on Friday, June 23rd. Finally, Craig Hallum reiterated a “buy” rating and issued a $210.00 price target (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Stamps.com currently has a consensus rating of “Buy” and a consensus target price of $192.67.
Shares of Stamps.com (STMP) opened at 208.65 on Friday. Stamps.com has a one year low of $84.87 and a one year high of $220.25. The stock has a 50 day moving average price of $160.96 and a 200-day moving average price of $133.38. The company has a market capitalization of $3.53 billion, a P/E ratio of 33.75 and a beta of 0.01.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter last year, the company earned $1.94 EPS. The company’s quarterly revenue was up 38.2% on a year-over-year basis. Equities research analysts predict that Stamps.com will post $8.05 earnings per share for the current fiscal year.
Stamps.com announced that its Board of Directors has approved a share buyback program on Wednesday, May 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the software maker to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $137.85, for a total value of $165,420.00. Following the completion of the transaction, the insider now directly owns 1,372 shares of the company’s stock, valued at approximately $189,130.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director G Bradford Jones sold 27,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $208.73, for a total value of $5,635,710.00. Following the completion of the transaction, the director now directly owns 64,486 shares of the company’s stock, valued at $13,460,162.78. The disclosure for this sale can be found here. Insiders sold a total of 117,600 shares of company stock valued at $20,065,170 in the last quarter. Corporate insiders own 11.46% of the company’s stock.
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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.
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