B. Riley Boosts Stamps.com (STMP) Price Target to $275.00

Stamps.com (NASDAQ:STMP) had its price objective increased by B. Riley from $250.00 to $275.00 in a report released on Thursday, Marketbeat.com reports. They currently have a buy rating on the software maker’s stock.

A number of other brokerages have also recently commented on STMP. Northland Securities reaffirmed a buy rating and set a $250.00 price objective on shares of Stamps.com in a research note on Wednesday, November 22nd. ValuEngine lowered Stamps.com from a buy rating to a hold rating in a report on Monday, November 20th. BidaskClub lowered Stamps.com from a strong-buy rating to a buy rating in a report on Saturday, January 13th. Finally, Roth Capital lifted their target price on Stamps.com from $203.00 to $245.00 and gave the stock a buy rating in a report on Monday, October 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Stamps.com has an average rating of Buy and a consensus target price of $228.86.

Shares of Stamps.com (NASDAQ STMP) opened at $200.95 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.80 and a current ratio of 1.50. Stamps.com has a 52 week low of $100.55 and a 52 week high of $233.12. The company has a market capitalization of $3,512.41, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.24 and a beta of -0.05.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $1.96. Stamps.com had a return on equity of 41.00% and a net margin of 32.13%. The business had revenue of $132.50 million during the quarter, compared to analysts’ expectations of $120.26 million. During the same period in the previous year, the firm earned $2.73 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. analysts anticipate that Stamps.com will post 5.99 EPS for the current year.

Stamps.com declared that its board has authorized a stock buyback program 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. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $202.05, for a total value of $242,460.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kenneth Thomas Mcbride sold 8,115 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $182.46, for a total value of $1,480,662.90. Following the completion of the sale, the chief executive officer now owns 9,981 shares in the company, valued at $1,821,133.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,674 shares of company stock worth $31,850,230. Corporate insiders own 11.46% of the company’s stock.

Several institutional investors have recently modified their holdings of STMP. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stamps.com by 47.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock valued at $149,000 after purchasing an additional 255 shares in the last quarter. Marble Harbor Investment Counsel LLC bought a new stake in shares of Stamps.com in the third quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Stamps.com in the third quarter valued at about $209,000. World Asset Management Inc bought a new stake in shares of Stamps.com in the third quarter valued at about $212,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Stamps.com in the fourth quarter valued at about $217,000. Institutional investors own 98.94% of the company’s stock.

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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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