Shares of Stamps.com Inc. (NASDAQ:STMP) have earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $210.00.

STMP has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Sidoti reiterated a “buy” rating and issued a $182.00 target price on shares of Stamps.com in a report on Thursday, July 6th. B. Riley reiterated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a report on Thursday, August 3rd. Craig Hallum reiterated a “buy” rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Finally, Roth Capital increased their target price 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.

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Shares of Stamps.com (STMP) traded up 0.91% during midday trading on Friday, reaching $221.85. The company had a trading volume of 255,298 shares. Stamps.com has a 12 month low of $89.49 and a 12 month high of $226.00. The firm’s 50 day moving average price is $207.64 and its 200-day moving average price is $161.71. The company has a market capitalization of $3.75 billion, a P/E ratio of 35.88 and a beta of -0.04.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating 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 business had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. During the same period in the prior year, the firm earned $1.94 earnings per share. Stamps.com’s revenue was up 38.2% compared to the same quarter last year. Analysts anticipate that Stamps.com will post $8.05 earnings per share for the current fiscal year.

In related news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $202.90, for a total transaction of $243,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Roland Clem sold 800 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were 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. Over the last 90 days, insiders have sold 465,435 shares of company stock worth $92,272,190. 11.46% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Stamps.com by 1.6% in the second quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock valued at $167,000 after purchasing an additional 17 shares in the last quarter. Renaissance Group LLC grew its position in Stamps.com by 0.7% in the second quarter. Renaissance Group LLC now owns 2,980 shares of the software maker’s stock valued at $462,000 after purchasing an additional 21 shares in the last quarter. Pinebridge Investments L.P. grew its position in Stamps.com by 1.6% in the second quarter. Pinebridge Investments L.P. now owns 2,076 shares of the software maker’s stock valued at $322,000 after purchasing an additional 32 shares in the last quarter. Amalgamated Bank grew its position in Stamps.com by 3.4% in the second quarter. Amalgamated Bank now owns 2,211 shares of the software maker’s stock valued at $342,000 after purchasing an additional 72 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after purchasing an additional 92 shares in 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.

Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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