Weekly Research Analysts’ Ratings Changes for Stamps.com (STMP)

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Stamps.com (NASDAQ: STMP) has recently received a number of price target changes and ratings updates:

  • 5/24/2019 – Stamps.com was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/15/2019 – Stamps.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Stamps.com is a leading provider of Internet-based postage services. Stamps.com’s service for postage online enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company targets its services to small businesses and home offices, and currently has PC Postage partnerships with Microsoft, EarthLink, HP, NCR, Office Depot, the U.S. Postal Service and others. Stamps.com provides easy, convenient and cost-effective Internet-based services for mailing or shipping letters, packages or parcels. Their PC Postage service is designed to allow individuals, home offices, small businesses or corporations to print US postage using any PC, any ordinary inkjet or laser printer, and an Internet connection. Its PhotoStamps product allows consumers and businesses to turn digital photos, designs or corporate logos into valid US postage. “
  • 5/9/2019 – Stamps.com had its “sell” rating reaffirmed by analysts at Roth Capital. They now have a $35.00 price target on the stock, down previously from $78.00.
  • 5/9/2019 – Stamps.com was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $45.00 price target on the stock, down previously from $130.00.
  • 5/9/2019 – Stamps.com was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $80.00 price target on the stock, down previously from $145.00. They wrote, “We also note the higher tax rate of 40%, up from the prior 30%, as portions of executive compensation are no longer deductible, which with a lower income level, pushes the tax rate to the highest on our list. Reseller Arrangements: Stamps derived a substantial portion of its services revenues from rev shares with the resellers (we estimate $66mn, or 50% in Q1), going to 45% on our new model for Q3 in a very rough cut. The challenge in estimating the impact from new arrangement is: 1) the USPS has just started the process and visibility into the magnitude is very limited; 2) resellers (and ecommerce shippers) will probably switch some unknown volume to other carriers as the pricing differentials shift; and 3) the timing is very much up in the air.””
  • 5/9/2019 – Stamps.com was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $48.00 price target on the stock, down previously from $125.00.
  • 5/9/2019 – Stamps.com had its price target lowered by analysts at Maxim Group to $59.00. They now have a “buy” rating on the stock.
  • 5/1/2019 – Stamps.com was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/25/2019 – Stamps.com was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/25/2019 – Stamps.com was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Stamps.com is a leading provider of Internet-based postage services. Stamps.com’s service for postage online enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company targets its services to small businesses and home offices, and currently has PC Postage partnerships with Microsoft, EarthLink, HP, NCR, Office Depot, the U.S. Postal Service and others. Stamps.com provides easy, convenient and cost-effective Internet-based services for mailing or shipping letters, packages or parcels. Their PC Postage service is designed to allow individuals, home offices, small businesses or corporations to print US postage using any PC, any ordinary inkjet or laser printer, and an Internet connection. Its PhotoStamps product allows consumers and businesses to turn digital photos, designs or corporate logos into valid US postage. “
  • 4/16/2019 – Stamps.com was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 4/10/2019 – Stamps.com was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock.

Shares of NASDAQ:STMP opened at $34.15 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $599.33 million, a P/E ratio of 3.47, a P/E/G ratio of 0.99 and a beta of 0.38. Stamps.com Inc. has a 12-month low of $33.65 and a 12-month high of $285.74.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The business had revenue of $136.00 million during the quarter, compared to analyst estimates of $126.06 million. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Equities research analysts predict that Stamps.com Inc. will post 2.34 earnings per share for the current year.

In related news, Director Mohan P. Ananda sold 1,000 shares of Stamps.com stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $93.32, for a total value of $93,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.17% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in STMP. JPMorgan Chase & Co. boosted its position in shares of Stamps.com by 40.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,493 shares of the software maker’s stock worth $14,362,000 after purchasing an additional 18,391 shares in the last quarter. Morgan Stanley boosted 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 purchasing an additional 245,300 shares in the last quarter. Vanguard Group Inc boosted 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 purchasing an additional 15,545 shares in the last quarter. Virtu Financial LLC raised its holdings in Stamps.com by 12.2% in the 4th quarter. Virtu Financial LLC now owns 1,709 shares of the software maker’s stock worth $266,000 after acquiring an additional 186 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Stamps.com by 10.9% in the 4th quarter. Bank of Montreal Can now owns 1,388 shares of the software maker’s stock worth $217,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.

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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