Stamps.com (STMP) Receiving Somewhat Positive Press Coverage, Accern Reports
Media coverage about Stamps.com (NASDAQ:STMP) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stamps.com earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 44.7124672712143 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- Vaughan Nelson Investment Management LP Decreased Micron Technology (MU) Holding; Stampscom (STMP)’s … – Hill Country Times (hillcountrytimes.com)
- Shopify and Shopify Plus Partners Join ShipStation Solutions Providers Program (prweb.com)
- Stamps.com Inc. (STMP) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- $89K in FestPac costs questioned (postguam.com)
- New York Stamp Company Hosts Its Last Public Auction For The Year (menafn.com)
A number of brokerages recently weighed in on STMP. ValuEngine lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley set a $250.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Northland Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Wednesday, November 22nd. Finally, Craig Hallum set a $230.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Stamps.com currently has an average rating of “Buy” and an average price target of $217.71.
Stamps.com (NASDAQ STMP) traded down $0.95 during trading on Tuesday, hitting $170.00. 304,439 shares of the stock were exchanged, compared to its average volume of 458,981. Stamps.com has a one year low of $100.55 and a one year high of $233.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market cap of $2,993.24, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.55 and a beta of -0.06.
Stamps.com declared that its board has approved a share buyback program on Thursday, November 2nd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $167.40, for a total transaction of $200,880.00. Following the completion of the transaction, the insider now directly owns 1,442 shares in the company, valued at approximately $241,390.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Roland Clem sold 10,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $210.19, for a total transaction of $2,101,900.00. Following the transaction, the insider now owns 6,410 shares of the company’s stock, valued at $1,347,317.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 381,326 shares of company stock valued at $76,438,849. Company insiders own 11.08% 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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