Stamps.com Inc. (NASDAQ:STMP) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the firm. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $118.00.
STMP has been the subject of several research reports. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Wednesday, July 13th. Craig Hallum reissued a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Roth Capital reissued a “buy” rating and issued a $96.00 price target on shares of Stamps.com in a research report on Thursday, July 28th. Finally, B. Riley reissued a “buy” rating and issued a $150.00 price target on shares of Stamps.com in a research report on Monday, July 25th.
Stamps.com (NASDAQ:STMP) opened at 94.51 on Tuesday. The stock has a 50 day moving average of $92.43 and a 200 day moving average of $89.89. Stamps.com has a 12 month low of $68.82 and a 12 month high of $123.75. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 47.85 and a beta of 0.97.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.68. Stamps.com had a net margin of 12.09% and a return on equity of 27.94%. The business earned $84.01 million during the quarter, compared to the consensus estimate of $73.49 million. During the same quarter last year, the firm posted $0.97 EPS. Stamps.com’s revenue was up 73.7% compared to the same quarter last year. Equities analysts anticipate that Stamps.com will post $7.11 EPS for the current fiscal year.
In other Stamps.com news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $93.75, for a total transaction of $468,750.00. Following the transaction, the insider now directly owns 6,093 shares of the company’s stock, valued at approximately $571,218.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.46% of the company’s stock.
Several institutional investors have recently modified their holdings of STMP. Hancock Holding Co. increased its position in shares of Stamps.com by 0.3% in the first quarter. Hancock Holding Co. now owns 8,591 shares of the company’s stock worth $913,000 after buying an additional 23 shares during the period. SG Americas Securities LLC increased its position in shares of Stamps.com by 6.9% in the second quarter. SG Americas Securities LLC now owns 2,116 shares of the company’s stock worth $185,000 after buying an additional 136 shares during the period. PineBridge Investments L.P. increased its position in shares of Stamps.com by 8.3% in the second quarter. PineBridge Investments L.P. now owns 1,991 shares of the company’s stock worth $174,000 after buying an additional 153 shares during the period. Cim LLC increased its position in shares of Stamps.com by 6.8% in the second quarter. Cim LLC now owns 2,498 shares of the company’s stock worth $218,000 after buying an additional 160 shares during the period. Finally, Aperio Group LLC increased its position in shares of Stamps.com by 2.4% in the first quarter. Aperio Group LLC now owns 8,442 shares of the company’s stock worth $897,000 after buying an additional 194 shares during the period. 97.07% of the stock is currently owned by institutional investors.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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