A number of other analysts have also issued reports on STMP. Maxim Group reaffirmed a hold rating on shares of Stamps.com in a research report on Friday, August 9th. ValuEngine raised Stamps.com from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Roth Capital raised Stamps.com from a sell rating to a neutral rating and lifted their target price for the stock from $32.00 to $52.00 in a research report on Wednesday, September 4th. Craig Hallum raised Stamps.com from a hold rating to a buy rating in a research report on Thursday, August 8th. Finally, B. Riley lifted their target price on Stamps.com from $50.00 to $62.50 and gave the stock a neutral rating in a research report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Stamps.com has an average rating of Hold and an average price target of $60.92.
Shares of STMP traded up $0.19 during midday trading on Wednesday, reaching $75.23. 351,682 shares of the company were exchanged, compared to its average volume of 362,771. The stock has a 50-day moving average price of $70.89 and a 200-day moving average price of $59.45. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 1.82 and a beta of 1.13. Stamps.com has a 1-year low of $32.54 and a 1-year high of $226.75. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.68. The company had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $128.35 million. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 earnings per share. Equities research analysts anticipate that Stamps.com will post 2.7 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Everence Capital Management Inc. purchased a new stake in shares of Stamps.com during the third quarter worth about $205,000. State of Alaska Department of Revenue increased its holdings in Stamps.com by 126.4% in the third quarter. State of Alaska Department of Revenue now owns 12,526 shares of the software maker’s stock valued at $932,000 after buying an additional 6,993 shares during the last quarter. Atria Investments LLC bought a new stake in Stamps.com in the second quarter valued at about $412,000. Voloridge Investment Management LLC increased its holdings in Stamps.com by 74.3% in the second quarter. Voloridge Investment Management LLC now owns 76,351 shares of the software maker’s stock valued at $3,456,000 after buying an additional 32,551 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Stamps.com in the second quarter valued at about $15,353,000. 99.70% 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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