Stamps.com’s (NASDAQ:STMP) Buy Rating Reiterated at B. Riley
Stamps.com Inc. (NASDAQ:STMP)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued on Tuesday. They presently have a $250.00 target price on the software maker’s stock. B. Riley’s target price would suggest a potential upside of 17.12% from the company’s previous close.
A number of other brokerages also recently issued reports on STMP. Craig Hallum reissued a “buy” rating and set a $210.00 price objective (up previously from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Roth Capital boosted their price objective on shares of Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Finally, ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $192.67.
Stamps.com (NASDAQ STMP) traded up 1.11% during midday trading on Tuesday, hitting $215.81. The company’s stock had a trading volume of 223,220 shares. The company’s 50 day moving average price is $148.13 and its 200 day moving average price is $128.82. The firm has a market cap of $3.65 billion, a P/E ratio of 34.90 and a beta of 0.01. Stamps.com has a 12 month low of $78.01 and a 12 month high of $217.40.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. Analysts expect that Stamps.com will post $7.87 EPS for the current year.
Stamps.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 3rd that authorizes the company to repurchase $90.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $137.85, for a total value of $165,420.00. Following the sale, the insider now owns 1,372 shares in the company, valued at approximately $189,130.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Bortnak sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $131.64, for a total transaction of $526,560.00. Following the completion of the sale, the insider now owns 5,985 shares in the company, valued at approximately $787,865.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,600 shares of company stock worth $14,429,460. Corporate insiders own 11.08% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Stamps.com by 121.1% in the first quarter. BlackRock Inc. now owns 964 shares of the software maker’s stock worth $103,000 after buying an additional 528 shares during the period. Victory Capital Management Inc. acquired a new stake in Stamps.com during the first quarter worth $104,000. DekaBank Deutsche Girozentrale acquired a new stake in Stamps.com during the third quarter worth $114,000. TrimTabs Asset Management LLC increased its stake in Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock worth $127,000 after buying an additional 504 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock worth $129,000 after buying an additional 496 shares during the period.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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