ValuEngine upgraded shares of Stamps.com Inc. (NASDAQ:STMP) from a hold rating to a buy rating in a report published on Friday morning.

STMP has been the topic of several other reports. Roth Capital reiterated a buy rating and set a $166.00 price objective on shares of Stamps.com in a research report on Wednesday, May 31st. Craig Hallum set a $230.00 price target on Stamps.com and gave the stock a buy rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Stamps.com from a hold rating to a buy rating and set a $154.00 price target on the stock in a research report on Friday, June 2nd. Finally, B. Riley restated a buy rating and set a $210.00 price target on shares of Stamps.com in a research report on Sunday, May 28th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Stamps.com currently has a consensus rating of Buy and an average price target of $205.33.

Shares of Stamps.com (NASDAQ:STMP) traded up 0.44% during mid-day trading on Friday, hitting $192.10. The stock had a trading volume of 267,554 shares. The firm has a 50 day moving average price of $183.05 and a 200-day moving average price of $141.71. The stock has a market cap of $3.25 billion, a P/E ratio of 31.07 and a beta of -0.05. Stamps.com has a 12 month low of $84.87 and a 12 month high of $220.25.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analyst estimates of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 EPS. On average, equities research analysts forecast that Stamps.com will post $8.05 EPS for the current year.

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In related news, Director Lloyd I. Miller III sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $191.32, for a total transaction of $4,209,040.00. Following the transaction, the director now directly owns 119,269 shares in the company, valued at approximately $22,818,545.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $144.41, for a total value of $5,776,400.00. Following the transaction, the director now owns 726,524 shares in the company, valued at $104,917,330.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 282,706 shares of company stock worth $53,193,794. 11.46% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in STMP. Creative Planning boosted its stake in Stamps.com by 360.4% in the first quarter. Creative Planning now owns 1,533 shares of the software maker’s stock valued at $181,000 after buying an additional 1,200 shares during the period. Russell Investments Group Ltd. boosted its stake in Stamps.com by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 59,795 shares of the software maker’s stock valued at $7,076,000 after buying an additional 2,127 shares during the period. Advisory Services Network LLC acquired a new stake in Stamps.com during the first quarter valued at $166,000. Great West Life Assurance Co. Can boosted its stake in Stamps.com by 5.5% in the first quarter. Great West Life Assurance Co. Can now owns 21,915 shares of the software maker’s stock valued at $2,594,000 after buying an additional 1,133 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in Stamps.com by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,321 shares of the software maker’s stock valued at $1,103,000 after buying an additional 400 shares during the period.

About Stamps.com

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.

Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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