Stamps.com (STMP) Downgraded to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of Stamps.com (NASDAQ:STMP) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning.

STMP has been the topic of several other reports. Craig Hallum dropped their price objective on Stamps.com from $300.00 to $265.00 and set a buy rating on the stock in a report on Thursday, November 1st. B. Riley set a $300.00 price objective on Stamps.com and gave the stock a buy rating in a report on Thursday, October 18th. ValuEngine downgraded Stamps.com from a hold rating to a sell rating in a report on Thursday, November 1st. Maxim Group set a $320.00 price objective on Stamps.com and gave the stock a buy rating in a report on Wednesday, October 31st. Finally, Roth Capital lifted their price objective on Stamps.com from $255.00 to $305.00 and gave the stock a buy rating in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Stamps.com presently has a consensus rating of Buy and an average target price of $250.25.

Shares of NASDAQ:STMP opened at $167.18 on Tuesday. The stock has a market cap of $3.23 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.21 and a beta of 0.23. The company has a current ratio of 1.21, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. Stamps.com has a one year low of $160.00 and a one year high of $285.74.

Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, beating 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 the consensus estimate of $135.00 million. During the same period last year, the business posted $2.68 EPS. The company’s revenue was up 24.7% on a year-over-year basis. On average, equities analysts forecast that Stamps.com will post 9.79 earnings per share for the current year.

In other news, CMO Sebastian Buerba sold 2,501 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the sale, the chief marketing officer now directly owns 720 shares in the company, valued at approximately $160,192.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $248.15, for a total value of $297,780.00. Following the completion of the sale, the insider now owns 1,541 shares of the company’s stock, valued at $382,399.15. The disclosure for this sale can be found here. Insiders have sold a total of 8,600 shares of company stock worth $1,973,733 over the last 90 days. 6.17% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Stamps.com by 4.8% in the 3rd quarter. BlackRock Inc. now owns 2,638,614 shares of the software maker’s stock valued at $596,854,000 after acquiring an additional 119,818 shares during the last quarter. Morgan Stanley increased its holdings in shares of Stamps.com by 446.0% in the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after acquiring an additional 404,861 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Stamps.com by 16.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock valued at $86,652,000 after acquiring an additional 53,051 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Stamps.com by 69.8% in the 2nd quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after acquiring an additional 147,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Stamps.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,073 shares of the software maker’s stock valued at $72,645,000 after acquiring an additional 1,095 shares during the last quarter. Institutional investors and hedge funds own 92.53% 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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