Stamps.com Inc. (STMP) PT Set at $230.00 by Craig Hallum
Stamps.com Inc. (NASDAQ:STMP) has been given a $230.00 price objective by analysts at Craig Hallum in a research note issued on Friday. The firm presently has a “buy” rating on the software maker’s stock. Craig Hallum’s price target points to a potential upside of 19.17% from the stock’s current price.
Several other analysts also recently issued reports on STMP. B. Riley reaffirmed a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a report on Wednesday, May 10th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $166.00 price target on shares of Stamps.com in a report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $196.00.
Shares of Stamps.com (NASDAQ:STMP) opened at 193.00 on Friday. The company has a market capitalization of $3.26 billion, a PE ratio of 31.21 and a beta of 0.01. The firm’s 50-day moving average price is $176.48 and its 200-day moving average price is $139.36. Stamps.com has a 12-month low of $84.87 and a 12-month high of $220.25.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, analysts expect that Stamps.com will post $8.05 EPS for the current fiscal year.
Stamps.com announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 3rd that allows the company to repurchase $90.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director G Bradford Jones sold 27,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $208.73, for a total value of $5,635,710.00. Following the completion of the transaction, the director now owns 64,486 shares of the company’s stock, valued at $13,460,162.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $137.85, for a total transaction of $165,420.00. Following the completion of the transaction, the insider now directly owns 1,372 shares of the company’s stock, valued at approximately $189,130.20. The disclosure for this sale can be found here. Insiders sold 149,600 shares of company stock worth $27,383,960 in the last ninety days. Insiders own 11.46% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its position in Stamps.com by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after buying an additional 266 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Stamps.com during the first quarter worth $104,000. TrimTabs Asset Management LLC raised its position in Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock worth $127,000 after buying an additional 504 shares in the last quarter. LS Investment Advisors LLC raised its position in Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock worth $129,000 after buying an additional 496 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after buying an additional 92 shares in the last quarter.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
Receive News & Stock Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related stocks with our FREE daily email newsletter.