Other analysts have also recently issued reports about the company. Craig Hallum decreased their price objective on Stamps.com from $265.00 to $125.00 and set a buy rating for the company in a research report on Friday, February 22nd. Zacks Investment Research cut Stamps.com from a buy rating to a hold rating in a research report on Wednesday, January 30th. Maxim Group raised Stamps.com from a hold rating to a buy rating and set a $98.00 price objective for the company in a research report on Wednesday, April 10th. Roth Capital reaffirmed a sell rating and set a $35.00 price objective (down from $78.00) on shares of Stamps.com in a research report on Thursday, May 9th. Finally, B. Riley decreased their price objective on Stamps.com from $300.00 to $130.00 and set a buy rating for the company in a research report on Friday, February 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $81.86.
NASDAQ:STMP opened at $34.61 on Friday. The company has a market cap of $599.34 million, a P/E ratio of 3.52, a PEG ratio of 1.11 and a beta of 0.38. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. Stamps.com has a 52-week low of $33.65 and a 52-week high of $285.74.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The firm had revenue of $136.00 million for the quarter, compared to the consensus estimate of $126.06 million. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 EPS. On average, research analysts expect that Stamps.com will post 2.34 EPS for the current fiscal year.
In other news, Director Mohan P. Ananda sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $93.32, for a total value of $93,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.17% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Stamps.com by 22.0% in the fourth quarter. Rhumbline Advisers now owns 50,039 shares of the software maker’s stock valued at $7,788,000 after purchasing an additional 9,013 shares during the period. Barry Investment Advisors LLC grew its position in Stamps.com by 66.8% during the first quarter. Barry Investment Advisors LLC now owns 52,639 shares of the software maker’s stock valued at $4,285,000 after acquiring an additional 21,089 shares during the period. Alps Advisors Inc. grew its position in Stamps.com by 205.2% during the fourth quarter. Alps Advisors Inc. now owns 6,379 shares of the software maker’s stock valued at $993,000 after acquiring an additional 4,289 shares during the period. BB&T Securities LLC grew its position in Stamps.com by 64.0% during the fourth quarter. BB&T Securities LLC now owns 1,765 shares of the software maker’s stock valued at $274,000 after acquiring an additional 689 shares during the period. Finally, SG Americas Securities LLC grew its position in Stamps.com by 863.9% during the fourth quarter. SG Americas Securities LLC now owns 10,458 shares of the software maker’s stock valued at $1,628,000 after acquiring an additional 9,373 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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