Stamps.com Inc. (STMP) Given “Buy” Rating at Northland Securities
Stamps.com Inc. (NASDAQ:STMP)‘s stock had its “buy” rating reaffirmed by research analysts at Northland Securities in a report released on Thursday. They presently have a $200.00 price target on the software maker’s stock. Northland Securities’ price target would suggest a potential upside of 0.91% from the company’s current price.
Several other equities analysts have also recently weighed in on STMP. B. Riley reiterated a “buy” rating and issued a $250.00 price objective on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum restated a “buy” rating and set a $210.00 target price (up previously from $170.00) on shares of Stamps.com in a research note 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, Roth Capital restated a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research note on Wednesday, May 31st. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Stamps.com presently has a consensus rating of “Buy” and an average price target of $204.57.
Stamps.com (NASDAQ:STMP) traded up 0.48% during mid-day trading on Thursday, hitting $198.95. 159,443 shares of the stock traded hands. The company’s 50 day moving average price is $194.27 and its 200-day moving average price is $145.30. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 32.18 and a beta of -0.04. Stamps.com has a 1-year low of $87.00 and a 1-year high of $220.25.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $99.29 million. During the same quarter in the prior year, the business earned $1.94 EPS. The business’s quarterly revenue was up 38.2% on a year-over-year basis. Analysts predict that Stamps.com will post $8.05 earnings per share for the current year.
In other news, Director Mohan P. Ananda sold 40,000 shares of Stamps.com stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $208.81, for a total transaction of $8,352,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sebastian Buerba sold 44,255 shares of Stamps.com stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $192.07, for a total transaction of $8,500,057.85. Following the sale, the insider now owns 3,404 shares in the company, valued at approximately $653,806.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 407,763 shares of company stock worth $79,401,175. 11.46% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp bought a new stake in shares of Stamps.com during the second quarter valued at approximately $534,000. Ashford Capital Management Inc. raised its position in shares of Stamps.com by 37.7% during the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after buying an additional 28,530 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Stamps.com during the second quarter valued at approximately $607,000. Piedmont Investment Advisors LLC raised its position in shares of Stamps.com by 12.1% during the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after buying an additional 1,511 shares during the last quarter. Finally, Newbrook Capital Advisors LP bought a new stake in shares of Stamps.com during the second quarter valued at approximately $39,979,000.
Stamps.com Company Profile
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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