SG Americas Securities LLC raised its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,291 shares of the software maker’s stock after acquiring an additional 1,833 shares during the quarter. SG Americas Securities LLC’s holdings in Stamps.com were worth $1,001,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in STMP. Pearl River Capital LLC acquired a new stake in shares of Stamps.com in the 4th quarter worth $27,000. Stephens Inc. AR boosted its position in shares of Stamps.com by 155.8% in the 4th quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock worth $34,000 after purchasing an additional 134 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Stamps.com in the 1st quarter worth $101,000. Bank of Montreal Can boosted its position in shares of Stamps.com by 10.9% in the 4th quarter. Bank of Montreal Can now owns 1,388 shares of the software maker’s stock worth $217,000 after purchasing an additional 136 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its position in shares of Stamps.com by 50.0% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 1,500 shares of the software maker’s stock worth $233,000 after purchasing an additional 500 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on STMP shares. Craig Hallum lowered their price objective on Stamps.com from $265.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 22nd. Zacks Investment Research lowered Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Maxim Group upgraded Stamps.com from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Wednesday, April 10th. Roth Capital restated a “sell” rating and issued a $35.00 target price (down previously from $78.00) on shares of Stamps.com in a research note on Thursday, May 9th. Finally, B. Riley reduced their target price on Stamps.com from $300.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, February 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.86.
Shares of STMP stock opened at $43.49 on Thursday. The firm has a market capitalization of $753.12 million, a P/E ratio of 4.42, a PEG ratio of 1.20 and a beta of 0.38. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. Stamps.com Inc. has a 1 year low of $35.25 and a 1 year high of $285.74.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.14. The company had revenue of $136.00 million during the quarter, compared to analyst estimates of $126.06 million. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. Analysts forecast that Stamps.com Inc. will post 2.34 EPS for the current fiscal year.
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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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