A number of other brokerages also recently commented on STMP. Roth Capital upped their price objective on shares of Stamps.com from $203.00 to $245.00 and gave the stock a buy rating in a research report on Monday, October 30th. BidaskClub upgraded shares of Stamps.com from a buy rating to a strong-buy rating in a research report on Tuesday, January 30th. Craig Hallum reiterated a buy rating and issued a $215.00 price target (down previously from $230.00) on shares of Stamps.com in a report on Thursday. B. Riley increased their price target on shares of Stamps.com from $250.00 to $275.00 and gave the company a buy rating in a report on Thursday. Finally, Northland Securities reiterated a buy rating and issued a $250.00 price target on shares of Stamps.com in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $228.86.
Stamps.com (NASDAQ:STMP) opened at $200.95 on Thursday. The company has a market cap of $3,512.36, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.24 and a beta of -0.05. 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 12-month low of $100.55 and a 12-month high of $233.13.
Stamps.com declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $90.00 million in shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, CEO Kenneth Thomas Mcbride sold 142,133 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $180.02, for a total value of $25,586,782.66. Following the completion of the transaction, the chief executive officer now owns 73,599 shares in the company, valued at approximately $13,249,291.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew A. Lipson sold 11,826 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $189.40, for a total transaction of $2,239,844.40. Following the completion of the transaction, the insider now owns 13,757 shares of the company’s stock, valued at approximately $2,605,575.80. The disclosure for this sale can be found here. Insiders sold a total of 175,674 shares of company stock valued at $31,850,230 in the last quarter. Insiders own 11.08% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Stamps.com in the 4th quarter valued at about $252,000. Xact Kapitalforvaltning AB acquired a new stake in Stamps.com in the 4th quarter valued at about $277,000. Ashford Capital Management Inc. grew its stake in Stamps.com by 20.5% in the 4th quarter. Ashford Capital Management Inc. now owns 74,355 shares of the software maker’s stock valued at $13,979,000 after acquiring an additional 12,650 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in Stamps.com in the 4th quarter valued at about $696,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Stamps.com in the 4th quarter valued at about $1,371,000. Institutional investors and hedge funds own 98.94% of the company’s stock.
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Stamps.com Company Profile
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.
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