Stamps.com (STMP) Earning Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Stamps.com (NASDAQ:STMP) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stamps.com earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 47.3307774332763 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Stamps.com Inc. (STMP) Posts Quarterly Earnings Results, Beats Expectations By $1.26 EPS (americanbankingnews.com)
- Stamps.com Inc. (STMP) Issues FY17 Earnings Guidance (americanbankingnews.com)
- Stamps.com Reports Third Quarter 2017 Results (feeds.benzinga.com)
- Made in Ottawa stamps commemorate Thai leader (metronews.ca)
- Stamps.com Insider Stock Sales Bulk Up to $173M – Barron’s (barrons.com)
A number of analysts recently weighed in on STMP shares. Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. B. Riley reiterated a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum reiterated a “buy” rating and issued a $210.00 price target (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Roth Capital increased their price target on shares of Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price target on the stock in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $217.71.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $1.26. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $115.06 million for the quarter, compared to the consensus estimate of $111.67 million. During the same period in the previous year, the business earned $2.33 EPS. Stamps.com’s revenue for the quarter was up 24.3% compared to the same quarter last year.
In other news, insider Michael John Biswas sold 76,602 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $196.55, for a total value of $15,056,123.10. Following the completion of the sale, the insider now directly owns 15,365 shares in the company, valued at approximately $3,019,990.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $191.25, for a total value of $229,500.00. Following the completion of the sale, the insider now owns 1,442 shares of the company’s stock, valued at $275,782.50. The disclosure for this sale can be found here. Insiders sold a total of 527,554 shares of company stock valued at $107,464,978 over the last quarter. Company insiders own 11.46% of the company’s stock.
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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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