B. Riley Reiterates “$300.00” Price Target for Stamps.com (STMP)

Stamps.com (NASDAQ:STMP) has been given a $300.00 price objective by B. Riley in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. B. Riley’s price target would suggest a potential upside of 74.71% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Craig Hallum cut their price target on Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 16th. BidaskClub downgraded Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine downgraded Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $246.86.

Shares of Stamps.com stock opened at $171.71 on Thursday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.20 and a beta of 0.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. Stamps.com has a 1 year low of $145.78 and a 1 year high of $285.74.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.38. The firm had revenue of $143.51 million during the quarter, compared to the consensus estimate of $135.00 million. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 EPS. On average, research analysts forecast that Stamps.com will post 9.79 earnings per share for the current year.

In other news, CMO Sebastian Buerba sold 2,501 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $222.49, for a total transaction of $556,447.49. Following the transaction, the chief marketing officer now owns 720 shares of the company’s stock, valued at approximately $160,192.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $186.24, for a total value of $223,488.00. Following the transaction, the insider now directly owns 1,541 shares in the company, valued at approximately $286,995.84. The disclosure for this sale can be found here. Insiders have sold a total of 4,901 shares of company stock valued at $1,051,927 over the last ninety days. Company insiders own 6.17% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of STMP. Morgan Stanley increased its holdings in shares of Stamps.com by 446.0% during the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after acquiring an additional 404,861 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Stamps.com by 11.3% during the 2nd quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock valued at $637,381,000 after acquiring an additional 255,512 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Stamps.com by 69.8% during the 2nd quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after acquiring an additional 147,000 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Stamps.com by 2,108.4% during the 2nd quarter. Jennison Associates LLC now owns 90,082 shares of the software maker’s stock valued at $22,795,000 after acquiring an additional 86,003 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of Stamps.com during the 3rd quarter valued at about $19,182,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.

About Stamps.com

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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