Stamps.com (NASDAQ:STMP) Receives Hold Rating from Maxim Group

Maxim Group reiterated their hold rating on shares of Stamps.com (NASDAQ:STMP) in a report released on Friday morning, AnalystRatings.com reports.

“2Q19 topped consensus and revenue topped our estimate, but adjusted EBITDA and EPS missed our forecast with results negatively impacted by the previously announced loss of a large contract with the U.S. Postal Service (USPS), effective 1/1/19.”,” the firm’s analyst wrote.

Several other equities analysts have also recently issued reports on STMP. Roth Capital reiterated a sell rating and issued a $35.00 target price (down from $78.00) on shares of Stamps.com in a research note on Thursday, May 9th. B. Riley cut shares of Stamps.com from a buy rating to a neutral rating and decreased their target price for the company from $130.00 to $45.00 in a research note on Thursday, May 9th. Zacks Investment Research cut shares of Stamps.com from a hold rating to a strong sell rating in a research note on Wednesday, May 15th. Craig Hallum upgraded shares of Stamps.com from a hold rating to a buy rating in a research note on Thursday. Finally, Northland Securities cut shares of Stamps.com from an outperform rating to a market perform rating and decreased their target price for the company from $145.00 to $80.00 in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $80.00.

NASDAQ STMP traded down $0.65 on Friday, hitting $58.33. 1,433,196 shares of the company’s stock traded hands, compared to its average volume of 463,994. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. Stamps.com has a 1-year low of $32.54 and a 1-year high of $257.75. The stock’s 50-day moving average price is $46.25. The firm has a market cap of $801.25 million, a price-to-earnings ratio of 5.93, a PEG ratio of 1.32 and a beta of 1.26.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, beating the consensus estimate of $0.57 by $0.68. Stamps.com had a net margin of 17.98% and a return on equity of 21.57%. The business had revenue of $138.77 million during the quarter, compared to analysts’ expectations of $128.35 million. During the same period in the previous year, the business posted $2.75 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Stamps.com will post 2.34 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SQN Investors LP increased its holdings in Stamps.com by 36.4% in the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock worth $66,550,000 after acquiring an additional 218,182 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Stamps.com by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 748,584 shares of the software maker’s stock worth $33,888,000 after acquiring an additional 23,004 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Stamps.com by 380.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 209,260 shares of the software maker’s stock worth $9,031,000 after acquiring an additional 165,719 shares in the last quarter. Geode Capital Management LLC increased its holdings in Stamps.com by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 192,138 shares of the software maker’s stock worth $29,904,000 after acquiring an additional 15,760 shares in the last quarter. Finally, Norges Bank purchased a new stake in Stamps.com in the 4th quarter worth $27,716,000. 95.57% of the stock is owned by institutional investors.

About Stamps.com

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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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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