Stamps.com Inc. (STMP) Cut to “Hold” at ValuEngine
ValuEngine lowered shares of Stamps.com Inc. (NASDAQ:STMP) from a buy rating to a hold rating in a research report sent to investors on Monday.
Several other analysts also recently weighed in on the company. Northland Securities restated a buy rating and set a $200.00 target price on shares of Stamps.com in a research note on Thursday, September 14th. Zacks Investment Research upgraded Stamps.com from a hold rating to a strong-buy rating and set a $222.00 target price for the company in a research note on Tuesday, August 29th. Craig Hallum set a $230.00 target price on Stamps.com and gave the company a buy rating in a research note on Friday, August 25th. B. Riley set a $250.00 target price on Stamps.com and gave the company a buy rating in a research note on Friday, August 25th. Finally, Roth Capital raised their target price on Stamps.com from $166.00 to $203.00 and gave the company a buy rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $204.57.
Stamps.com (NASDAQ:STMP) traded up 0.25% on Monday, reaching $216.25. The company had a trading volume of 149,108 shares. Stamps.com has a 12 month low of $89.26 and a 12 month high of $220.25. The stock has a market capitalization of $3.66 billion, a P/E ratio of 34.97 and a beta of -0.04. The firm has a 50-day moving average of $201.75 and a 200-day moving average of $153.83.
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 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 firm had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same period in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. On average, equities research analysts expect that Stamps.com will post $8.05 earnings per share for the current fiscal year.
In other Stamps.com news, insider Michael John Biswas sold 76,602 shares of Stamps.com stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $196.55, for a total value of $15,056,123.10. Following the transaction, the insider now owns 15,365 shares in the company, valued at $3,019,990.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Seth Weisberg sold 25,000 shares of Stamps.com stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the completion of the transaction, the insider now owns 32,572 shares in the company, valued at approximately $6,431,341.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 452,763 shares of company stock worth $89,468,644. Corporate insiders own 11.46% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Stamps.com by 143,777.2% during the 1st quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after purchasing an additional 1,879,168 shares in the last quarter. Newbrook Capital Advisors LP purchased a new position in Stamps.com during the 2nd quarter worth approximately $39,979,000. Calixto Global Investors LP grew its position in Stamps.com by 111.5% during the 2nd quarter. Calixto Global Investors LP now owns 379,168 shares of the software maker’s stock worth $58,724,000 after purchasing an additional 199,869 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Stamps.com during the 2nd quarter worth approximately $21,793,000. Finally, DSAM Partners London Ltd purchased a new position in Stamps.com during the 2nd quarter worth approximately $20,876,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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