Zacks Investment Research upgraded shares of Stamps.com (NASDAQ:STMP) from a hold rating to a strong-buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $204.00 price objective on the software maker’s stock.
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. “
Several other analysts have also recently issued reports on the company. BidaskClub cut Stamps.com from a sell rating to a strong sell rating in a research note on Tuesday. ValuEngine cut Stamps.com from a hold rating to a sell rating in a research note on Thursday, November 1st. Craig Hallum reduced their price objective on Stamps.com from $300.00 to $265.00 and set a buy rating on the stock in a research note on Thursday, November 1st. Maxim Group set a $320.00 price objective on Stamps.com and gave the company a buy rating in a research note on Wednesday, October 31st. Finally, B. Riley set a $300.00 price objective on Stamps.com and gave the company a buy rating in a research note on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $250.25.
Shares of NASDAQ STMP traded down $2.25 during mid-day trading on Wednesday, hitting $167.18. The company had a trading volume of 411,778 shares, compared to its average volume of 521,642. The stock has a market cap of $3.19 billion, a P/E ratio of 15.91, a PEG ratio of 1.20 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 1-year low of $160.00 and a 1-year high of $285.74.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.38. The business had revenue of $143.51 million for the quarter, compared to analysts’ expectations of $135.00 million. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the firm earned $2.68 earnings per share. On average, equities analysts forecast that Stamps.com will post 9.79 EPS for the current fiscal year.
In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $226.66, for a total value of $271,992.00. Following the sale, the insider now directly owns 1,541 shares in the company, valued at $349,283.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Sebastian Buerba sold 2,499 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $249.71, for a total value of $624,025.29. Following the completion of the sale, the chief marketing officer now owns 719 shares in the company, valued at $179,541.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,600 shares of company stock worth $1,973,733. 6.17% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in shares of Stamps.com during the first quarter worth about $123,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Stamps.com by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock worth $125,000 after purchasing an additional 259 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Stamps.com during the third quarter worth about $156,000. NewSquare Capital LLC purchased a new position in shares of Stamps.com during the second quarter worth about $185,000. Finally, BRYN MAWR TRUST Co purchased a new position in shares of Stamps.com during the second quarter worth about $202,000. Institutional investors own 92.53% of the company’s stock.
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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