Stamps.com Inc. (STMP) Receives $246.86 Average PT from Brokerages

Shares of Stamps.com Inc. (NASDAQ:STMP) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $246.86.

Several analysts recently commented on the stock. BidaskClub lowered shares of Stamps.com from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. B. Riley set a $300.00 price target on shares of Stamps.com and gave the company a “buy” rating in a research report on Tuesday, October 30th. Maxim Group set a $320.00 price target on shares of Stamps.com and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 16th.

In related news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $186.24, for a total transaction of $223,488.00. Following the sale, the insider now owns 1,541 shares in the company, valued at $286,995.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Sebastian Buerba sold 2,499 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $249.71, for a total transaction of $624,025.29. Following the sale, the chief marketing officer now owns 719 shares in the company, valued at approximately $179,541.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,600 shares of company stock worth $1,973,733. 6.17% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in STMP. Envestnet Asset Management Inc. grew its position in shares of Stamps.com by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the software maker’s stock valued at $430,000 after purchasing an additional 205 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Stamps.com by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock valued at $125,000 after purchasing an additional 259 shares during the period. Polen Capital Management LLC grew its position in shares of Stamps.com by 12.0% in the second quarter. Polen Capital Management LLC now owns 2,515 shares of the software maker’s stock valued at $636,000 after purchasing an additional 270 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Stamps.com by 29.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 1,218 shares of the software maker’s stock valued at $276,000 after purchasing an additional 278 shares during the period. Finally, Tdam USA Inc. grew its position in shares of Stamps.com by 4.2% in the third quarter. Tdam USA Inc. now owns 7,212 shares of the software maker’s stock valued at $1,631,000 after purchasing an additional 294 shares during the period. Institutional investors own 93.73% of the company’s stock.

Shares of NASDAQ:STMP traded down $1.36 during midday trading on Monday, reaching $170.10. The company’s stock had a trading volume of 315,300 shares, compared to its average volume of 350,550. The firm has a market capitalization of $3.10 billion, a P/E ratio of 17.18, a PEG ratio of 1.17 and a beta of 0.21. Stamps.com has a twelve month low of $145.78 and a twelve month high of $285.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.38. The firm had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.68 earnings per share. Equities analysts anticipate that Stamps.com will post 9.79 EPS for the current fiscal year.

About Stamps.com

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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