B. Riley set a $250.00 price target on Stamps.com Inc. (NASDAQ:STMP) in a research note published on Thursday. The brokerage currently has a buy rating on the software maker’s stock.

STMP has been the subject of several other reports. 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 restated a buy rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. 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. ValuEngine downgraded Stamps.com from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, Northland Securities restated a buy rating and issued a $200.00 target price on shares of Stamps.com in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Stamps.com has an average rating of Buy and an average price target of $204.57.

Stamps.com (STMP) opened at 216.25 on Thursday. The firm has a market capitalization of $3.66 billion, a PE ratio of 34.97 and a beta of -0.04. Stamps.com has a 52-week low of $89.26 and a 52-week high of $220.25. The stock’s 50 day moving average price is $201.96 and its 200 day moving average price is $154.46.

Stamps.com (NASDAQ:STMP) last issued 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 company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. On average, analysts predict that Stamps.com will post $8.05 EPS for the current fiscal year.

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In other Stamps.com news, insider John Roland Clem sold 800 shares of Stamps.com stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total transaction of $176,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $202.90, for a total value of $243,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 452,763 shares of company stock valued at $89,468,644 in the last quarter. Company insiders own 11.46% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in STMP. State Board of Administration of Florida Retirement System boosted its stake in Stamps.com by 4.5% during the 1st 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 purchasing an additional 400 shares during the last quarter. First Trust Advisors LP boosted its stake in Stamps.com by 54.3% during the 1st quarter. First Trust Advisors LP now owns 14,234 shares of the software maker’s stock valued at $1,685,000 after purchasing an additional 5,011 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Stamps.com by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 260,239 shares of the software maker’s stock valued at $30,799,000 after purchasing an additional 5,095 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Stamps.com by 11.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the software maker’s stock valued at $389,000 after purchasing an additional 332 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Stamps.com by 31.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 8,693 shares of the software maker’s stock valued at $1,029,000 after purchasing an additional 2,101 shares during the last quarter.

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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