Stamps.com Inc. (STMP) Stock Rating Lowered by Zacks Investment Research
Stamps.com Inc. (NASDAQ:STMP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Their core mailing and shipping services are designed to allow individual consumers or employees of small businesses or larger enterprises to select a carrier, print US postage or shipping labels from multiple carriers, schedule a pick-up, track a package and apply enterprise-wide business rules to manage and account for mailing and shipping costs. “
STMP has been the topic of a number of other reports. B. Riley set a $250.00 price target on Stamps.com and gave the company a “buy” rating in a report on Friday, August 25th. Craig Hallum reissued 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. Roth Capital raised their price target on Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a report on Monday. Finally, Northland Securities reissued a “buy” rating and set a $200.00 price target on shares of Stamps.com in a report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $204.57.
Stamps.com (STMP) opened at 215.70 on Wednesday. The company’s 50-day moving average price is $201.75 and its 200 day moving average price is $153.83. The stock has a market capitalization of $3.65 billion, a PE ratio of 34.89 and a beta of -0.04. Stamps.com has a 52-week low of $89.26 and a 52-week high of $220.25.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. The business had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The business’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Equities analysts forecast that Stamps.com will post $8.05 EPS for the current fiscal year.
In other news, insider Seth Weisberg sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the completion of the transaction, the insider now owns 32,572 shares in the company, valued at $6,431,341.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Roland Clem sold 800 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $220.00, for a total value of $176,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 452,763 shares of company stock worth $89,468,644. Insiders own 11.46% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. USA Financial Portformulas Corp purchased a new position in shares of Stamps.com during the second quarter valued at about $534,000. Ashford Capital Management Inc. grew its position in shares of Stamps.com by 37.7% during the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after purchasing an additional 28,530 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Stamps.com during the second quarter valued at about $607,000. Piedmont Investment Advisors LLC grew its position in shares of Stamps.com by 12.1% during the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Newbrook Capital Advisors LP purchased a new position in shares of Stamps.com during the second quarter valued at about $39,979,000.
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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