Stamps.com (NASDAQ:STMP) has been assigned a $300.00 target price by B. Riley in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. B. Riley’s price target would indicate a potential upside of 74.71% from the company’s previous close.
Several other research analysts have also recently weighed in on STMP. Craig Hallum decreased their target price on Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday, November 16th. BidaskClub cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, Maxim Group set a $320.00 target price on Stamps.com and gave the company a “buy” rating in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $246.86.
NASDAQ:STMP opened at $171.71 on Thursday. Stamps.com has a 1 year low of $145.78 and a 1 year high of $285.74. The firm has a market capitalization of $3.20 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.20 and a beta of 0.20. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.08.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $143.51 million during the quarter, compared to analysts’ expectations of $135.00 million. During the same quarter in the prior year, the business posted $2.68 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, sell-side analysts predict that Stamps.com will post 9.79 earnings per share for the current year.
In related news, CMO Sebastian Buerba sold 2,501 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $222.49, for a total transaction of $556,447.49. Following the completion of the transaction, the chief marketing officer now owns 720 shares of the company’s stock, valued at $160,192.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $186.24, for a total value of $223,488.00. Following the transaction, the insider now directly owns 1,541 shares of the company’s stock, valued at approximately $286,995.84. The disclosure for this sale can be found here. Insiders have sold 4,901 shares of company stock valued at $1,051,927 in the last ninety days. Company insiders own 6.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in shares of Stamps.com by 237.1% in the 3rd quarter. Marshall Wace LLP now owns 33,792 shares of the software maker’s stock valued at $7,644,000 after purchasing an additional 23,769 shares during the period. 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 valued at $390,979,000 after purchasing an additional 15,545 shares during the period. 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 valued at $167,602,000 after purchasing an additional 245,300 shares during the period. Legal & General Group Plc boosted its position in shares of Stamps.com by 9.7% in the 3rd quarter. Legal & General Group Plc now owns 40,133 shares of the software maker’s stock valued at $9,132,000 after purchasing an additional 3,556 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Stamps.com by 1.8% in the 3rd quarter. Teachers Advisors LLC now owns 34,772 shares of the software maker’s stock valued at $7,865,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.
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.
Featured Story: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.