Stamps.com (NASDAQ:STMP) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other brokerages have also recently weighed in on STMP. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a report on Thursday, August 2nd. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Singular Research reissued a “buy” rating and set a $93.00 target price on shares of Stamps.com in a report on Tuesday, June 19th. Finally, Roth Capital increased their target price on shares of Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Stamps.com has an average rating of “Buy” and a consensus price target of $252.00.

STMP opened at $226.45 on Wednesday. The firm has a market capitalization of $4.10 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.66 and a beta of -0.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.38 and a current ratio of 3.38. Stamps.com has a 12-month low of $160.00 and a 12-month high of $285.74.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.58. The firm had revenue of $139.63 million for the quarter, compared to analysts’ expectations of $133.49 million. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. equities research analysts anticipate that Stamps.com will post 9.07 EPS for the current fiscal year.

In other Stamps.com news, insider Sebastian Buerba sold 2,499 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $252.80, for a total transaction of $631,747.20. Following the sale, the insider now directly owns 1,497 shares of the company’s stock, valued at $378,441.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now directly owns 1,541 shares in the company, valued at $382,399.15. The disclosure for this sale can be found here. Insiders have sold 8,699 shares of company stock worth $2,203,187 over the last three months. 6.17% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Stamps.com by 196.5% during the first quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock worth $119,000 after acquiring an additional 391 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Stamps.com during the first quarter worth about $123,000. NewSquare Capital LLC bought a new position in shares of Stamps.com during the second quarter worth about $185,000. BRYN MAWR TRUST Co bought a new position in shares of Stamps.com during the second quarter worth about $202,000. Finally, Private Wealth Partners LLC bought a new position in shares of Stamps.com during the second quarter worth about $202,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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