Zacks Investment Research cut shares of Stamps.com Inc. (NASDAQ:STMP) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Their core mailing and shipping services are designed to allow individual consumers or employees of small businesses or larger enterprises to select a carrier, print US postage or shipping labels from multiple carriers, schedule a pick-up, track a package and apply enterprise-wide business rules to manage and account for mailing and shipping costs. “

A number of other research analysts have also weighed in on STMP. B. Riley reissued a buy rating and issued a $250.00 target price on shares of Stamps.com in a report on Thursday, August 3rd. ValuEngine lowered shares of Stamps.com from a buy rating to a hold rating in a report on Monday, October 2nd. Craig Hallum reissued a buy rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Sidoti restated a buy rating and issued a $182.00 price target on shares of Stamps.com in a research report on Thursday, July 6th. Finally, Northland Securities restated a buy rating and issued a $200.00 price target on shares of Stamps.com in a research report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Stamps.com has a consensus rating of Buy and a consensus target price of $204.57.

Shares of Stamps.com (STMP) opened at 216.25 on Wednesday. The stock has a 50 day moving average of $201.96 and a 200-day moving average of $154.46. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 34.97 and a beta of -0.04. Stamps.com has a one year low of $89.26 and a one year high of $220.25.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm had revenue of $116.14 million during the quarter, compared to analyst estimates of $99.29 million. During the same period last year, the firm posted $1.94 earnings per share. Stamps.com’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, equities analysts expect 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 firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $149.05, for a total value of $178,860.00. Following the completion of the sale, the insider now directly owns 242 shares in the company, valued at $36,070.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Roland Clem sold 800 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total value of $176,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 452,763 shares of company stock valued at $89,468,644. 11.46% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of STMP. Riverhead Capital Management LLC lifted its position in shares of Stamps.com by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after purchasing an additional 266 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Stamps.com during the first quarter worth $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Stamps.com by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after purchasing an additional 92 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Stamps.com by 1.6% during the second quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock worth $167,000 after purchasing an additional 17 shares during the last quarter. Finally, Turner Investments LLC bought a new stake in shares of Stamps.com during the second quarter worth $194,000.

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.

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