Stamps.com (STMP) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Stamps.com (NASDAQ:STMP) from a sell rating to a strong sell rating in a research report released on Tuesday.

A number of other equities analysts have also weighed in on the stock. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the stock a buy rating in a research report on Thursday, August 2nd. ValuEngine lowered shares of Stamps.com from a buy rating to a hold rating in a research report on Thursday, September 13th. B. Riley set a $300.00 target price on shares of Stamps.com and gave the stock a buy rating in a research report on Thursday, October 18th. Roth Capital increased their target price on shares of Stamps.com from $255.00 to $305.00 and gave the stock a buy rating in a research report on Thursday, July 26th. Finally, Craig Hallum cut their target price on shares of Stamps.com from $300.00 to $265.00 and set a buy rating for the company in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $250.25.

NASDAQ STMP traded down $0.24 during trading hours on Tuesday, reaching $169.19. 1,998 shares of the company were exchanged, compared to its average volume of 520,818. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.38 and a current ratio of 1.21. The company has a market capitalization of $3.23 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.21 and a beta of 0.23. Stamps.com has a 1 year low of $160.00 and a 1 year high of $285.74.

Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.38. The firm had revenue of $143.51 million during 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 company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. As a group, analysts forecast that Stamps.com will post 9.79 EPS for the current fiscal year.

In other news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $248.15, for a total value of $297,780.00. Following the completion of the transaction, the insider now directly owns 1,541 shares in the company, valued at $382,399.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Sebastian Buerba sold 2,501 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $222.49, for a total transaction of $556,447.49. Following the completion of the transaction, the chief marketing officer now owns 720 shares of the company’s stock, valued at $160,192.80. The disclosure for this sale can be found here. Insiders sold 8,600 shares of company stock valued at $1,973,733 over the last 90 days. 6.17% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in STMP. Russell Investments Group Ltd. bought a new stake in Stamps.com during the first quarter valued at approximately $123,000. Robeco Institutional Asset Management B.V. lifted its position in Stamps.com by 100.0% during 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 last quarter. Cerebellum GP LLC bought a new stake in Stamps.com during the third quarter valued at approximately $156,000. NewSquare Capital LLC bought a new stake in Stamps.com during the second quarter valued at approximately $185,000. Finally, BRYN MAWR TRUST Co bought a new stake in Stamps.com during the second quarter valued at approximately $202,000. Institutional investors own 92.53% of the company’s stock.

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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