Stamps.com Inc. (STMP) Receives Consensus Recommendation of “Buy” from Analysts
Stamps.com Inc. (NASDAQ:STMP) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $204.57.
A number of brokerages recently issued reports on STMP. Zacks Investment Research downgraded Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Sidoti reissued a “buy” rating and issued a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. B. Riley restated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a report on Thursday, August 3rd. Craig Hallum reiterated a “buy” rating and set a $210.00 price target (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Finally, Roth Capital increased their price objective on shares of Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
Shares of Stamps.com (STMP) traded up 4.42% during midday trading on Wednesday, reaching $211.60. The company had a trading volume of 360,009 shares. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 34.22 and a beta of -0.04. The stock has a 50-day moving average of $199.02 and a 200 day moving average of $147.30. Stamps.com has a 52 week low of $89.26 and a 52 week high of $220.25.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $99.29 million. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, analysts anticipate that Stamps.com will post $8.05 earnings per share for the current year.
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In related news, insider James Bortnak sold 4,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $151.37, for a total value of $605,480.00. Following the completion of the sale, the insider now directly owns 5,985 shares of the company’s stock, valued at $905,949.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd I. Miller III sold 1,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $194.75, for a total transaction of $194,750.00. Following the transaction, the director now owns 195,269 shares in the company, valued at $38,028,637.75. The disclosure for this sale can be found here. Insiders sold a total of 450,763 shares of company stock valued at $89,049,164 over the last quarter. Company insiders own 11.08% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after purchasing an additional 1,879,168 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Stamps.com by 4.7% during the second quarter. Vanguard Group Inc. now owns 1,446,477 shares of the software maker’s stock valued at $224,023,000 after buying an additional 64,398 shares during the last quarter. P2 Capital Partners LLC lifted its position in shares of Stamps.com by 21.1% during the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock valued at $84,759,000 after buying an additional 125,000 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Stamps.com by 0.7% during the first quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock valued at $70,572,000 after buying an additional 4,303 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its position in shares of Stamps.com by 7.1% during the second quarter. Fred Alger Management Inc. now owns 414,728 shares of the software maker’s stock valued at $64,231,000 after buying an additional 27,541 shares during the last quarter.
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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