Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Stamps.com from a hold rating to a buy rating and set a $199.00 target price for the company in a report on Tuesday, January 29th. Maxim Group restated a buy rating and issued a $320.00 price target on shares of Stamps.com in a report on Thursday, January 24th. B. Riley decreased their price target on Stamps.com from $300.00 to $130.00 and set a buy rating for the company in a report on Friday, February 22nd. Craig Hallum decreased their price target on Stamps.com from $265.00 to $125.00 and set a buy rating for the company in a report on Friday, February 22nd. Finally, TheStreet cut Stamps.com from a b- rating to a c+ rating in a report on Monday, March 11th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Stamps.com presently has an average rating of Hold and a consensus target price of $122.83.
Shares of NASDAQ:STMP opened at $79.40 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.52 and a quick ratio of 1.52. Stamps.com has a 1 year low of $75.61 and a 1 year high of $285.74. The stock has a market cap of $1.44 billion, a PE ratio of 8.07, a PEG ratio of 1.29 and a beta of 0.37.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Thursday, February 21st. The software maker reported $3.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.83. Stamps.com had a return on equity of 30.75% and a net margin of 28.73%. The business had revenue of $170.23 million during the quarter, compared to analysts’ expectations of $159.99 million. During the same quarter in the previous year, the business earned $4.68 EPS. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. As a group, sell-side analysts forecast that Stamps.com will post 3.95 EPS for the current year.
In other Stamps.com news, Director Mohan P. Ananda sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $93.32, for a total value of $93,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amine Khechfe sold 11,200 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $200.00, for a total value of $2,240,000.00. Following the completion of the transaction, the insider now owns 11,591 shares of the company’s stock, valued at approximately $2,318,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,400 shares of company stock valued at $2,555,500. 6.17% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 valued at $390,979,000 after purchasing an additional 15,545 shares in the last quarter. Vanguard Group Inc raised 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 valued at $390,979,000 after purchasing an additional 15,545 shares in the last quarter. Morgan Stanley raised 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 valued at $167,602,000 after purchasing an additional 245,300 shares in the last quarter. SQN Investors LP raised its position in shares of Stamps.com by 91.9% in the 4th quarter. SQN Investors LP now owns 599,282 shares of the software maker’s stock valued at $93,272,000 after purchasing an additional 287,070 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of Stamps.com by 16.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 447,674 shares of the software maker’s stock valued at $69,676,000 after purchasing an additional 64,596 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.
Stamps.com Company Profile
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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