Shares of Stamps.com Inc. (NASDAQ:STMP) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $198.00.
A number of brokerages recently commented on STMP. Roth Capital reiterated a “buy” rating and issued a $166.00 price target on shares of Stamps.com in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Friday, June 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a research note on Sunday, May 28th.
Stamps.com (STMP) traded down 0.35% during midday trading on Tuesday, hitting $212.70. 608,570 shares of the company traded hands. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 34.40 and a beta of 0.01. The stock’s 50-day moving average price is $151.90 and its 200 day moving average price is $130.12. Stamps.com has a 12-month low of $80.10 and a 12-month high of $217.40.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $99.29 million. During the same quarter in the prior year, the business earned $1.94 EPS. Stamps.com’s quarterly revenue was up 38.2% on a year-over-year basis. On average, equities analysts forecast that Stamps.com will post $7.87 EPS for the current year.
Stamps.com declared that its Board of Directors has initiated a share buyback program on Wednesday, May 3rd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In other Stamps.com news, insider Seth Weisberg sold 5,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $140.36, for a total transaction of $701,800.00. Following the transaction, the insider now owns 23,072 shares in the company, valued at approximately $3,238,385.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Bortnak sold 4,000 shares of the stock in a transaction that occurred 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 transaction, 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 90 days, insiders have sold 90,600 shares of company stock worth $14,429,460. Company insiders own 11.08% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Stamps.com during the first quarter worth about $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after buying an additional 92 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of 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 last quarter. Bank of Montreal Can raised its position in shares of Stamps.com by 1.6% in the second quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock worth $167,000 after buying an additional 17 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of 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 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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