Stamps.com Inc. (NASDAQ:STMP) Receives Consensus Rating of “Hold” from Brokerages

Stamps.com Inc. (NASDAQ:STMP) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $185.67.

A number of research firms have recently issued reports on STMP. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Craig Hallum raised their target price on Stamps.com from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Northland Securities downgraded Stamps.com from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Finally, BidaskClub downgraded Stamps.com from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st.

Shares of NASDAQ STMP traded down $7.56 during trading hours on Monday, hitting $249.00. 2,729 shares of the company traded hands, compared to its average volume of 423,450. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 48.16 and a beta of 0.50. The company’s 50 day moving average price is $241.60 and its 200 day moving average price is $212.05. Stamps.com has a 12 month low of $73.14 and a 12 month high of $325.13.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $1.85. The company had revenue of $206.73 million for the quarter, compared to the consensus estimate of $144.05 million. Stamps.com had a return on equity of 15.81% and a net margin of 14.91%. Stamps.com’s quarterly revenue was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 EPS. Sell-side analysts forecast that Stamps.com will post 7.17 EPS for the current fiscal year.

In other Stamps.com news, insider Amine Khechfe sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $272.84, for a total transaction of $1,364,200.00. Following the transaction, the insider now owns 5,875 shares in the company, valued at approximately $1,602,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katie May sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $266.01, for a total value of $984,237.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $984,237. The disclosure for this sale can be found here. Insiders sold 267,732 shares of company stock worth $64,694,328 in the last 90 days. Company insiders own 9.62% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in STMP. Ziegler Capital Management LLC purchased a new position in shares of Stamps.com during the 3rd quarter worth $7,021,000. Nisa Investment Advisors LLC lifted its stake in shares of Stamps.com by 37.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,455 shares of the software maker’s stock worth $351,000 after purchasing an additional 400 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Stamps.com by 84.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the software maker’s stock worth $1,952,000 after purchasing an additional 3,720 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Stamps.com during the 3rd quarter worth $274,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Stamps.com during the 3rd quarter worth $520,000. Institutional investors and hedge funds own 86.12% of the company’s stock.

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.

Featured Story: Cryptocurrencies

Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.