Stamps.com (STMP) Lowered to “Buy” at BidaskClub

Stamps.com (NASDAQ:STMP) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

STMP has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Roth Capital lifted their price target on shares of Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Northland Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Stamps.com in a research report on Thursday, October 12th. Finally, B. Riley reaffirmed a “buy” rating and set a $250.00 price target on shares of Stamps.com in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $217.71.

Stamps.com (STMP) traded up $1.05 during trading on Friday, reaching $192.80. 662,100 shares of the company were exchanged, compared to its average volume of 413,200. Stamps.com has a 52-week low of $100.55 and a 52-week high of $233.13. The stock has a market capitalization of $3,370.00, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.15 and a beta of -0.07. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.27.

Stamps.com (NASDAQ:STMP) last released its earnings results on Thursday, November 2nd. The software maker reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $1.15. Stamps.com had a net margin of 31.54% and a return on equity of 35.46%. analysts anticipate that Stamps.com will post 7.37 EPS for the current fiscal year.

Stamps.com declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Michael John Biswas sold 29,288 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $229.22, for a total transaction of $6,713,395.36. Following the transaction, the insider now directly owns 695 shares of the company’s stock, valued at $159,307.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total transaction of $271,980.00. Following the transaction, the insider now directly owns 1,442 shares in the company, valued at $326,829.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 246,167 shares of company stock worth $48,679,584. 11.08% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares 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 in the last quarter. 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 in the last quarter. Victory Capital Management Inc. lifted its position in shares of Stamps.com by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,038 shares of the software maker’s stock worth $161,000 after purchasing an additional 156 shares in the last quarter. Marble Harbor Investment Counsel LLC acquired a new position in shares of Stamps.com during the third quarter worth $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Stamps.com during the third quarter worth $209,000. 98.94% of the stock is currently owned by institutional investors and hedge funds.

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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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