Stamps.com (NASDAQ:STMP) Upgraded at BidaskClub

BidaskClub upgraded shares of Stamps.com (NASDAQ:STMP) from a buy rating to a strong-buy rating in a research note published on Wednesday, BidAskClub reports.

Several other brokerages have also recently issued reports on STMP. Craig Hallum upgraded Stamps.com from a hold rating to a buy rating in a research note on Thursday, August 8th. Northland Securities cut Stamps.com from an outperform rating to a market perform rating and reduced their price objective for the stock from $145.00 to $80.00 in a research note on Thursday, May 9th. B. Riley lowered Stamps.com from a buy rating to a neutral rating and dropped their target price for the stock from $130.00 to $45.00 in a research report on Thursday, May 9th. Zacks Investment Research raised Stamps.com from a sell rating to a hold rating and set a $64.00 target price on the stock in a research report on Friday, August 9th. Finally, Roth Capital reaffirmed a sell rating and issued a $35.00 target price (down from $78.00) on shares of Stamps.com in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $55.17.

Shares of STMP opened at $64.53 on Wednesday. The business’s fifty day moving average price is $51.02 and its 200 day moving average price is $73.27. Stamps.com has a 12-month low of $32.54 and a 12-month high of $256.35. The stock has a market capitalization of $1.11 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.64.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.68. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The firm had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $128.35 million. During the same period last year, the business posted $2.75 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that Stamps.com will post 2.65 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors Inc. increased its position in Stamps.com by 3.7% in 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. increased its holdings in shares of 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 valued at $3,981,000 after purchasing an additional 390 shares during the period. Meridian Wealth Management LLC increased its holdings in shares of Stamps.com by 32.1% during the second quarter. Meridian Wealth Management LLC now owns 2,058 shares of the software maker’s stock valued at $93,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Stamps.com by 37.0% during the second quarter. Riverhead Capital Management LLC now owns 1,851 shares of the software maker’s stock valued at $84,000 after purchasing an additional 500 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Stamps.com by 55.1% during the second quarter. Advisory Services Network LLC now owns 1,970 shares of the software maker’s stock valued at $89,000 after purchasing an additional 700 shares during the period. 95.61% 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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