Stamps.com Inc. (NASDAQ:STMP) Earns Buy Rating from Craig Hallum
Craig Hallum reiterated their buy rating on shares of Stamps.com Inc. (NASDAQ:STMP) in a research report released on Thursday, The Fly reports. The brokerage currently has a $210.00 price target on the software maker’s stock, up from their previous price target of $170.00.
A number of other equities analysts have also recently issued reports on STMP. B. Riley restated a buy rating and set a $250.00 target price on shares of Stamps.com in a research report on Thursday. Zacks Investment Research downgraded shares of Stamps.com from a buy rating to a hold rating in a report on Thursday, June 22nd. Sidoti reiterated a buy rating and set a $182.00 price target on shares of Stamps.com in a report on Thursday, July 6th. Finally, Roth Capital reiterated a buy rating and set a $166.00 price target on shares of Stamps.com in a report on Wednesday, May 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $192.67.
Stamps.com (STMP) traded up 2.75% during mid-day trading on Thursday, hitting $211.25. 1,162,012 shares of the stock traded hands. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 34.17 and a beta of 0.01. The firm’s 50-day moving average is $148.13 and its 200-day moving average is $128.82. Stamps.com has a 12-month low of $78.01 and a 12-month high of $214.80.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. Equities research analysts expect that Stamps.com will post $7.87 EPS for the current year.
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Stamps.com announced that its Board of Directors has approved a share repurchase program on Wednesday, May 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the software maker to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Seth Weisberg sold 25,000 shares of Stamps.com stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the completion of the sale, the insider now directly owns 32,572 shares in the company, valued at $6,431,341.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $137.85, for a total transaction of $165,420.00. Following the sale, the insider now owns 1,372 shares of the company’s stock, valued at $189,130.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,600 shares of company stock valued at $14,429,460. Insiders own 11.46% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares during the last quarter. Vanguard Group Inc. increased its stake in Stamps.com by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,382,079 shares of the software maker’s stock worth $163,568,000 after buying an additional 53,479 shares during the last quarter. P2 Capital Partners LLC increased its stake in Stamps.com by 21.1% in the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock worth $84,759,000 after buying an additional 125,000 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in Stamps.com by 0.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock worth $70,572,000 after buying an additional 4,303 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in Stamps.com by 2.6% in the first quarter. Conestoga Capital Advisors LLC now owns 411,487 shares of the software maker’s stock worth $48,699,000 after buying an additional 10,443 shares during the last quarter.
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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