Northland Securities restated their buy rating on shares of Stamps.com Inc. (NASDAQ:STMP) in a report published on Thursday morning. The brokerage currently has a $200.00 price target on the software maker’s stock.
Several other research firms have also recently weighed in on STMP. B. Riley reiterated a buy rating and set a $250.00 price objective on shares of Stamps.com in a research report on Tuesday, August 8th. Craig Hallum set a $230.00 price objective on shares of Stamps.com and gave the stock a buy rating in a research report on Friday, August 25th. ValuEngine upgraded shares of Stamps.com from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Stamps.com from a hold rating to a strong-buy rating and set a $222.00 price objective on the stock in a research report on Tuesday, August 29th. Finally, Roth Capital lifted their price objective on shares of Stamps.com from $166.00 to $203.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Stamps.com currently has an average rating of Buy and a consensus price target of $204.57.
Shares of Stamps.com (NASDAQ:STMP) traded up 0.51% on Thursday, hitting $199.00. The company’s stock had a trading volume of 172,968 shares. The stock’s 50 day moving average is $194.27 and its 200-day moving average is $145.30. Stamps.com has a 52 week low of $87.00 and a 52 week high of $220.25. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 32.19 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $99.29 million. During the same period in the previous year, the company posted $1.94 EPS. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. On average, equities research analysts anticipate that Stamps.com will post $8.05 earnings per share for the current year.
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In other Stamps.com news, insider Sebastian Buerba sold 44,255 shares of Stamps.com stock in a transaction on Monday, September 11th. The shares were sold at an average price of $192.07, for a total transaction of $8,500,057.85. Following the completion of the sale, the insider now owns 3,404 shares of the company’s stock, valued at approximately $653,806.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Seth Weisberg sold 5,000 shares of Stamps.com stock in a transaction on Monday, June 19th. The shares were sold at an average price of $150.15, for a total transaction of $750,750.00. Following the sale, the insider now directly owns 27,572 shares of the company’s stock, valued at approximately $4,139,935.80. The disclosure for this sale can be found here. Insiders have sold a total of 407,763 shares of company stock valued at $79,401,175 in the last three months. Company insiders own 11.46% of the company’s stock.
Large investors have recently modified their holdings of the business. Riverhead Capital Management LLC boosted its stake in shares of Stamps.com by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after buying an additional 266 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Stamps.com during the 1st quarter valued at $104,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stamps.com by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after buying an additional 92 shares during the period. Bank of Montreal Can boosted its stake in shares of Stamps.com by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock valued at $167,000 after buying an additional 17 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Stamps.com by 83.1% during the 1st quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after buying an additional 496 shares during the period.
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.
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