Stamps.com Inc. (STMP) Given a $250.00 Price Target at B. Riley
B. Riley set a $250.00 price objective on Stamps.com Inc. (NASDAQ:STMP) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the software maker’s stock.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Stamps.com from a hold rating to a strong-buy rating and set a $119.00 target price on the stock in a research note on Wednesday, May 10th. ValuEngine cut shares of Stamps.com from a buy rating to a hold rating in a research note on Wednesday, May 24th. Roth Capital raised their target price on shares of Stamps.com from $166.00 to $203.00 and gave the company a buy rating in a research note on Thursday, August 3rd. Sidoti reissued a buy rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Finally, Craig Hallum reissued a buy rating and set a $210.00 target price (up previously from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $196.00.
Shares of Stamps.com (STMP) opened at 190.60 on Friday. The stock’s 50 day moving average is $176.48 and its 200 day moving average is $139.36. Stamps.com has a 1-year low of $84.87 and a 1-year high of $220.25. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 30.83 and a beta of 0.01.
Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. Stamps.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. On average, equities analysts forecast that Stamps.com will post $8.05 EPS for the current year.
Stamps.com declared that its board has authorized a stock buyback plan on Wednesday, May 3rd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the software maker to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
In other news, Director Lloyd I. Miller III sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $194.75, for a total transaction of $194,750.00. Following the completion of the transaction, the director now owns 195,269 shares in the company, valued at approximately $38,028,637.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $137.85, for a total transaction of $165,420.00. Following the transaction, the insider now owns 1,372 shares of the company’s stock, valued at approximately $189,130.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,600 shares of company stock valued at $27,383,960. Insiders own 11.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp acquired a new position in Stamps.com during the second quarter valued at $534,000. Ashford Capital Management Inc. raised its position in Stamps.com by 37.7% in the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after buying an additional 28,530 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Stamps.com during the second quarter valued at $607,000. Piedmont Investment Advisors LLC raised its position in Stamps.com by 12.1% in the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after buying an additional 1,511 shares during the period. Finally, Newbrook Capital Advisors LP acquired a new position in Stamps.com during the second quarter valued at $39,979,000.
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.
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