Stamps.com (NASDAQ:STMP) Downgraded by Maxim Group

Maxim Group downgraded shares of Stamps.com (NASDAQ:STMP) from a buy rating to a hold rating in a report issued on Thursday, BenzingaRatingsTable reports.

A number of other research analysts have also recently commented on the company. BidaskClub raised Yandex from a buy rating to a strong-buy rating in a report on Friday, June 14th. Zacks Investment Research cut HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th. B. Riley reissued a buy rating and issued a $26.00 price target (up from $24.00) on shares of KEMET in a report on Thursday, May 9th. Northland Securities reissued a buy rating and issued a $55.00 price target on shares of Heron Therapeutics in a report on Thursday, May 9th. Finally, Roth Capital boosted their price target on NV5 Global from $90.00 to $96.00 and gave the stock a buy rating in a report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of Hold and an average target price of $80.00.

NASDAQ STMP opened at $45.30 on Thursday. The business has a 50 day simple moving average of $42.30. 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 12 month low of $32.54 and a 12 month high of $284.45. The stock has a market cap of $784.46 million, a PE ratio of 4.60, a PEG ratio of 1.29 and a beta of 1.28.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.14. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The company had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $126.06 million. During the same period in the previous year, the firm earned $2.54 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Stamps.com will post 2.34 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of STMP. Raymond James & Associates raised its holdings in shares of Stamps.com by 536.4% during the 4th quarter. Raymond James & Associates now owns 12,143 shares of the software maker’s stock worth $1,890,000 after acquiring an additional 10,235 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Stamps.com by 655.5% during the 4th quarter. Hsbc Holdings PLC now owns 8,295 shares of the software maker’s stock worth $1,291,000 after acquiring an additional 7,197 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stamps.com by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,960 shares of the software maker’s stock worth $50,889,000 after acquiring an additional 13,074 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Stamps.com by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 27,553 shares of the software maker’s stock worth $4,288,000 after acquiring an additional 648 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Stamps.com by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 192,138 shares of the software maker’s stock worth $29,904,000 after acquiring an additional 15,760 shares in the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.

Stamps.com Company Profile

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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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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