Stamps.com (NASDAQ:STMP) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $48.00 price target on the software maker’s stock, down from their previous price target of $125.00. Craig Hallum’s price target indicates a potential upside of 18.26% from the stock’s current price.
Several other research firms also recently commented on STMP. Maxim Group downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. BidaskClub raised shares of Stamps.com from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, TheStreet cut shares of Stamps.com from a “b-” rating to a “c+” rating in a report on Monday, March 11th. Two research analysts have rated the stock with a sell rating, five have given 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 a consensus price target of $81.86.
Shares of NASDAQ:STMP traded up $3.69 on Thursday, hitting $40.59. 6,272,430 shares of the company were exchanged, compared to its average volume of 1,487,410. Stamps.com has a 1-year low of $35.25 and a 1-year high of $285.74. The company has a current ratio of 1.38, a quick ratio of 1.52 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $641.62 million, a P/E ratio of 4.13, a PEG ratio of 0.62 and a beta of 0.38.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.14. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The business had revenue of $136.00 million during the quarter, compared to the consensus estimate of $126.06 million. During the same period in the previous year, the firm posted $2.54 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that Stamps.com will post 3.95 EPS for the current year.
In other Stamps.com news, insider Amine Khechfe sold 11,200 shares of Stamps.com stock in a transaction on Friday, February 15th. The shares were sold at an average price of $200.00, for a total value of $2,240,000.00. Following the completion of the transaction, the insider now owns 11,591 shares of the company’s stock, valued at $2,318,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohan P. Ananda sold 1,000 shares of Stamps.com stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $93.32, for a total transaction of $93,320.00. The disclosure for this sale can be found here. Company insiders own 6.17% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. King Luther Capital Management Corp increased its holdings in Stamps.com by 8.2% in the first quarter. King Luther Capital Management Corp now owns 14,535 shares of the software maker’s stock valued at $1,183,000 after buying an additional 1,105 shares in the last quarter. Elk Creek Partners LLC purchased a new position in Stamps.com in the first quarter valued at $10,813,000. Private Advisors LLC purchased a new position in Stamps.com in the first quarter valued at $379,000. Federated Investors Inc. PA increased its holdings in Stamps.com by 3,111,000.0% in the first quarter. Federated Investors Inc. PA now owns 31,111 shares of the software maker’s stock valued at $2,533,000 after buying an additional 31,110 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Stamps.com in the first quarter valued at $614,000. 99.15% of the stock is owned by institutional investors.
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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