Stamps.com (NASDAQ:STMP) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $243.00.
A number of brokerages recently commented on STMP. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Craig Hallum reaffirmed a “buy” rating and issued a $215.00 target price (down from $230.00) on shares of Stamps.com in a research report on Thursday, February 22nd. B. Riley boosted their target price on Stamps.com from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $223.00 target price for the company in a research report on Thursday, March 1st.
Shares of STMP stock traded down $15.75 during mid-day trading on Friday, hitting $203.90. The company’s stock had a trading volume of 1,073,753 shares, compared to its average volume of 248,623. Stamps.com has a 52 week low of $100.55 and a 52 week high of $233.13. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3,857.61, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.80 and a beta of 0.07.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $4.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.72 by $1.96. Stamps.com had a return on equity of 41.00% and a net margin of 32.13%. The firm had revenue of $132.50 million during the quarter, compared to analyst estimates of $120.26 million. During the same period last year, the company posted $2.73 EPS. The business’s quarterly revenue was up 25.1% on a year-over-year basis. analysts forecast that Stamps.com will post 8.12 earnings per share for the current year.
In related news, Director Mohan P. Ananda sold 1,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $203.18, for a total value of $203,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew A. Lipson sold 11,826 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $189.40, for a total value of $2,239,844.40. Following the completion of the sale, the insider now directly owns 13,757 shares of the company’s stock, valued at $2,605,575.80. The disclosure for this sale can be found here. Insiders sold a total of 244,589 shares of company stock valued at $47,931,581 over the last ninety days. 11.46% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stamps.com by 47.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock valued at $149,000 after purchasing an additional 255 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Stamps.com during the 4th quarter valued at about $217,000. Caxton Associates LP acquired a new position in Stamps.com during the 3rd quarter valued at about $263,000. Cambridge Investment Research Advisors Inc. acquired a new position in Stamps.com during the 4th quarter valued at about $252,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Stamps.com during the 4th quarter valued at about $277,000.
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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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