Other equities analysts have also issued research reports about the stock. Roth Capital upped their price target on shares of Stamps.com from $52.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. B. Riley lifted their price objective on shares of Stamps.com from $62.50 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. ValuEngine upgraded Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Craig Hallum increased their price objective on Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $78.00.
NASDAQ STMP traded down $0.27 on Wednesday, hitting $81.87. 276,847 shares of the stock were exchanged, compared to its average volume of 281,508. The company has a market cap of $1.40 billion, a PE ratio of 8.32, a PEG ratio of 8.17 and a beta of 1.03. The company has a 50-day moving average price of $84.24 and a 200-day moving average price of $70.47. Stamps.com has a fifty-two week low of $32.54 and a fifty-two week high of $207.25. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Thursday, November 7th. The software maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.37. Stamps.com had a net margin of 14.03% and a return on equity of 16.87%. The firm had revenue of $136.17 million during the quarter, compared to the consensus estimate of $126.19 million. As a group, equities research analysts predict that Stamps.com will post 2.38 EPS for the current fiscal year.
In related news, Director Mohan P. Ananda sold 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.33% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Aperio Group LLC grew its holdings in shares of Stamps.com by 85.2% during the 2nd quarter. Aperio Group LLC now owns 13,499 shares of the software maker’s stock worth $611,000 after acquiring an additional 6,211 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Stamps.com by 23.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,980 shares of the software maker’s stock valued at $270,000 after buying an additional 1,140 shares during the period. Advisor Group Inc. boosted its position in Stamps.com by 405.7% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the software maker’s stock worth $76,000 after acquiring an additional 1,343 shares during the last quarter. Advisory Services Network LLC boosted its position in Stamps.com by 55.1% during the second quarter. Advisory Services Network LLC now owns 1,970 shares of the software maker’s stock worth $89,000 after acquiring an additional 700 shares during the last quarter. Finally, Swiss National Bank grew its stake in Stamps.com by 2.2% in the 2nd quarter. Swiss National Bank now owns 31,966 shares of the software maker’s stock worth $1,447,000 after acquiring an additional 700 shares during the period. 95.02% of the stock is owned by institutional investors.
Stamps.com Company Profile
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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