Stamps.com (NASDAQ:STMP) Upgraded to “Buy” by Craig Hallum

Craig Hallum upgraded shares of Stamps.com (NASDAQ:STMP) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports.

A number of other analysts have also recently commented on the company. BidaskClub upgraded Stamps.com from a hold rating to a buy rating in a research report on Friday, July 26th. Roth Capital restated a sell rating and set a $35.00 price objective (down from $78.00) on shares of Stamps.com in a report on Thursday, May 9th. B. Riley cut Stamps.com from a buy rating to a neutral rating and dropped their target price for the company from $130.00 to $45.00 in a research report on Thursday, May 9th. Maxim Group cut Stamps.com from a buy rating to a hold rating in a research report on Thursday, July 18th. Finally, Zacks Investment Research cut Stamps.com from a hold rating to a strong sell rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $80.00.

Shares of STMP stock traded down $0.65 on Thursday, hitting $58.33. 1,433,196 shares of the stock were exchanged, compared to its average volume of 990,468. Stamps.com has a one year low of $32.54 and a one year high of $257.75. The firm has a 50 day moving average price of $46.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 1.31 and a beta of 1.26.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.68. The business had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $128.35 million. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. Sell-side analysts expect that Stamps.com will post 2.34 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. boosted its stake in shares of Stamps.com by 3.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 4,217 shares of the software maker’s stock worth $343,000 after buying an additional 152 shares during the period. First Republic Investment Management Inc. boosted its position in Stamps.com by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 48,896 shares of the software maker’s stock worth $3,981,000 after acquiring an additional 390 shares during the last quarter. Meridian Wealth Management LLC boosted its position in Stamps.com by 32.1% during the second quarter. Meridian Wealth Management LLC now owns 2,058 shares of the software maker’s stock worth $93,000 after acquiring an additional 500 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 boosted its position in Stamps.com by 2.2% during the second 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 last quarter. 95.57% of the stock is currently owned by hedge funds and other 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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