ValuEngine upgraded shares of Stamps.com (NASDAQ:STMP) from a sell rating to a hold rating in a research note released on Monday.

Several other equities analysts have also issued reports on STMP. BidaskClub lowered Stamps.com from a hold rating to a sell rating in a research report on Wednesday, September 26th. B. Riley set a $300.00 price target on Stamps.com and gave the stock a buy rating in a research report on Thursday, October 18th. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a buy rating in a research report on Wednesday, October 31st. Craig Hallum reduced their price target on Stamps.com from $300.00 to $265.00 and set a buy rating on the stock in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded Stamps.com from a hold rating to a strong-buy rating and set a $204.00 price target on the stock in a research report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $246.86.

STMP traded up $0.18 on Monday, hitting $171.93. 8,920 shares of the company were exchanged, compared to its average volume of 311,546. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. Stamps.com has a 12 month low of $141.38 and a 12 month high of $285.74. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.19 and a beta of 0.41.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.38. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The business had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. During the same period last year, the company earned $2.68 EPS. Stamps.com’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stamps.com will post 9.79 EPS for the current year.

In other news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $152.45, for a total value of $182,940.00. Following the sale, the insider now directly owns 1,541 shares in the company, valued at approximately $234,925.45. The sale was disclosed in a filing with the SEC, which is available through this link. 6.17% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc grew its position in shares of Stamps.com by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 1,728,469 shares of the software maker’s stock worth $390,979,000 after buying an additional 15,545 shares during the last quarter. Marshall Wace LLP grew its position in shares of Stamps.com by 237.1% in the 3rd quarter. Marshall Wace LLP now owns 33,792 shares of the software maker’s stock worth $7,644,000 after buying an additional 23,769 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Stamps.com by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,728,469 shares of the software maker’s stock worth $390,979,000 after buying an additional 15,545 shares during the last quarter. Morgan Stanley grew its position in shares of Stamps.com by 49.5% in the 3rd quarter. Morgan Stanley now owns 740,945 shares of the software maker’s stock worth $167,602,000 after buying an additional 245,300 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Stamps.com by 9.7% in the 3rd quarter. Legal & General Group Plc now owns 40,133 shares of the software maker’s stock valued at $9,132,000 after purchasing an additional 3,556 shares during the period. Hedge funds and other institutional investors own 93.70% of the company’s stock.

About Stamps.com

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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