Stamps.com Inc. (STMP) Given a $250.00 Price Target at B. Riley
Stamps.com Inc. (NASDAQ:STMP) has been given a $250.00 price target by B. Riley in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the software maker’s stock. B. Riley’s price target would suggest a potential upside of 15.90% from the company’s previous close.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday. Northland Securities reiterated a “buy” rating and set a $200.00 price target on shares of Stamps.com in a research report on Thursday, September 14th. Craig Hallum set a $230.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Roth Capital upped their price objective on shares of Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $204.57.
Stamps.com (NASDAQ STMP) traded down 0.58% during midday trading on Thursday, reaching $215.70. The company’s stock had a trading volume of 190,976 shares. Stamps.com has a 12 month low of $89.26 and a 12 month high of $220.25. The company has a market cap of $3.65 billion, a PE ratio of 34.89 and a beta of -0.04. The stock has a 50-day moving average price of $201.75 and a 200 day moving average price of $153.83.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same period in the previous year, the firm posted $1.94 EPS. The firm’s revenue was up 38.2% compared to the same quarter last year. Analysts expect that Stamps.com will post $8.05 earnings per share for the current fiscal year.
In other news, CTO Michael John Biswas sold 4,327 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $210.05, for a total value of $908,886.35. Following the completion of the sale, the chief technology officer now owns 4,622 shares in the company, valued at approximately $970,851.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Roland Clem sold 800 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total transaction of $176,000.00. The disclosure for this sale can be found here. Insiders sold a total of 452,763 shares of company stock valued at $89,468,644 over the last three months. Corporate insiders own 11.46% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in STMP. State Board of Administration of Florida Retirement System lifted its holdings in Stamps.com by 4.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,321 shares of the software maker’s stock valued at $1,103,000 after buying an additional 400 shares in the last quarter. First Trust Advisors LP increased its position in Stamps.com by 54.3% during the 1st quarter. First Trust Advisors LP now owns 14,234 shares of the software maker’s stock valued at $1,685,000 after purchasing an additional 5,011 shares during the period. Bank of New York Mellon Corp increased its position in Stamps.com by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 260,239 shares of the software maker’s stock valued at $30,799,000 after purchasing an additional 5,095 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Stamps.com by 11.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the software maker’s stock worth $389,000 after buying an additional 332 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Stamps.com by 31.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 8,693 shares of the software maker’s stock worth $1,029,000 after buying an additional 2,101 shares during the last quarter.
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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