Stamps.com’s (STMP) “Buy” Rating Reiterated at Northland Securities
Northland Securities restated their buy rating on shares of Stamps.com Inc. (NASDAQ:STMP) in a research report report published on Thursday morning. They currently have a $200.00 price objective on the software maker’s stock.
Other research analysts also recently issued reports about the company. Roth Capital reiterated a buy rating and issued a $166.00 price target on shares of Stamps.com in a report on Wednesday, May 31st. B. Riley restated a buy rating and set a $210.00 target price on shares of Stamps.com in a research note on Sunday, May 28th. ValuEngine upgraded Stamps.com from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Stamps.com from a hold rating to a buy rating and set a $154.00 target price on the stock in a research note on Friday, June 2nd. Finally, Craig Hallum restated a buy rating and set a $210.00 target price (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $204.57.
Shares of Stamps.com (STMP) opened at 199.05 on Thursday. The company has a market capitalization of $3.37 billion, a P/E ratio of 32.19 and a beta of -0.04. Stamps.com has a 12-month low of $87.58 and a 12-month high of $220.25. The firm has a 50-day moving average price of $195.70 and a 200 day moving average price of $145.81.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The business had revenue of $116.14 million for the quarter, compared to the consensus estimate of $99.29 million. During the same period last year, the business posted $1.94 EPS. The business’s revenue was up 38.2% compared to the same quarter last year. On average, equities research analysts predict that Stamps.com will post $8.05 earnings per share for the current year.
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In related news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $149.05, for a total transaction of $178,860.00. Following the transaction, the insider now directly owns 242 shares in the company, valued at approximately $36,070.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director G Bradford Jones sold 27,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $208.73, for a total value of $5,635,710.00. Following the transaction, the director now owns 64,486 shares in the company, valued at $13,460,162.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 407,763 shares of company stock worth $79,401,175. 11.46% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. USA Financial Portformulas Corp purchased a new position in Stamps.com during the 2nd quarter worth $534,000. Ashford Capital Management Inc. grew its stake in Stamps.com by 37.7% during the 2nd quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock worth $16,131,000 after buying an additional 28,530 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Stamps.com during the 2nd quarter worth $607,000. Piedmont Investment Advisors LLC grew its stake in Stamps.com by 12.1% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock worth $2,176,000 after buying an additional 1,511 shares during the last quarter. Finally, Newbrook Capital Advisors LP purchased a new position in Stamps.com during the 2nd quarter worth $39,979,000.
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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