Stamps.com Inc. (STMP) Downgraded by Zacks Investment Research to “Hold”
According to Zacks, “Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Their core mailing and shipping services are designed to allow individual consumers or employees of small businesses or larger enterprises to select a carrier, print US postage or shipping labels from multiple carriers, schedule a pick-up, track a package and apply enterprise-wide business rules to manage and account for mailing and shipping costs. “
STMP has been the topic of a number of other research reports. Roth Capital reissued a buy rating and set a $96.00 price target on shares of Stamps.com in a research report on Thursday, July 28th. B. Riley reissued a buy rating and set a $160.00 price target on shares of Stamps.com in a research report on Tuesday, August 9th. Finally, Craig Hallum reaffirmed a buy rating on shares of Stamps.com in a report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $110.67.
Shares of Stamps.com (NASDAQ:STMP) traded up 0.94% during mid-day trading on Thursday, reaching $94.43. The company had a trading volume of 127,618 shares. The stock has a market capitalization of $1.63 billion, a P/E ratio of 47.81 and a beta of 0.97. The firm’s 50 day moving average is $92.21 and its 200-day moving average is $90.02. Stamps.com has a 12-month low of $68.82 and a 12-month high of $123.75.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.68. The business had revenue of $84.01 million for the quarter, compared to the consensus estimate of $73.49 million. Stamps.com had a return on equity of 27.94% and a net margin of 12.09%. The firm’s quarterly revenue was up 73.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, analysts expect that Stamps.com will post $7.11 earnings per share for the current fiscal year.
In other news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $78.99, for a total value of $394,950.00. Following the completion of the transaction, the insider now directly owns 6,093 shares of the company’s stock, valued at approximately $481,286.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.46% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC raised its position in Stamps.com by 2.4% in the first quarter. Aperio Group LLC now owns 8,442 shares of the company’s stock valued at $897,000 after buying an additional 194 shares during the period. Nisa Investment Advisors L.L.C. acquired a new position in Stamps.com during the first quarter valued at $510,000. Virginia Retirement System acquired a new position in Stamps.com during the first quarter valued at $1,371,000. CIBC World Markets Inc. acquired a new position in Stamps.com during the first quarter valued at $2,136,000. Finally, Pacad Investment Ltd. acquired a new position in Stamps.com during the first quarter valued at $1,911,000. 97.07% of the stock is owned by hedge funds and other institutional investors.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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