Stamps.com Inc. (STMP) PT Set at $250.00 by B. Riley
Stamps.com Inc. (NASDAQ:STMP) received a $250.00 price objective from stock analysts at B. Riley in a report released on Thursday. The brokerage presently has a “buy” rating on the software maker’s stock. B. Riley’s price target would indicate a potential upside of 15.90% from the stock’s current price.
Several other analysts also recently weighed in on STMP. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 target price for the company in a research report on Tuesday, August 29th. Craig Hallum set a $230.00 target price on Stamps.com and gave the stock a “buy” rating in a research report on Friday, August 25th. Roth Capital lifted their target price on Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Northland Securities reiterated a “buy” rating and set a $200.00 target price on shares of Stamps.com in a research report on Thursday, September 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $204.57.
Stamps.com (NASDAQ:STMP) traded down 0.58% during midday trading on Thursday, reaching $215.70. 190,976 shares of the company were exchanged. Stamps.com has a 52 week low of $89.26 and a 52 week high of $220.25. The company has a 50-day moving average of $201.75 and a 200 day moving average of $153.83. The firm has a market capitalization of $3.65 billion, a PE ratio of 34.89 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. Stamps.com’s revenue was up 38.2% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. Equities analysts predict that Stamps.com will post $8.05 earnings per share for the current year.
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In other news, Director Lloyd I. Miller III sold 1,000 shares of Stamps.com stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $194.75, for a total transaction of $194,750.00. Following the completion of the sale, the director now directly owns 195,269 shares in the company, valued at $38,028,637.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $202.90, for a total value of $243,480.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,963 shares of company stock valued at $89,292,644. Corporate insiders own 11.46% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp bought a new stake in shares of Stamps.com in the second quarter valued at about $534,000. Ashford Capital Management Inc. raised its holdings in shares of Stamps.com by 37.7% in the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after acquiring an additional 28,530 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Stamps.com in the second quarter valued at about $607,000. Piedmont Investment Advisors LLC raised its holdings in shares of Stamps.com by 12.1% in the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Newbrook Capital Advisors LP bought a new stake in shares of Stamps.com in the second quarter valued at about $39,979,000.
Stamps.com Company Profile
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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