Northland Securities Reiterates “Buy” Rating for Stamps.com Inc. (STMP)
Stamps.com Inc. (NASDAQ:STMP)‘s stock had its “buy” rating reaffirmed by stock analysts at Northland Securities in a research note issued to investors on Thursday. They currently have a $200.00 price target on the software maker’s stock. Northland Securities’ target price points to a potential upside of 0.48% from the company’s current price.
Several other equities research analysts have also recently weighed in on STMP. B. Riley restated a “buy” rating and set a $250.00 target price on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum restated a “buy” rating and set a $210.00 target price (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Zacks Investment Research cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Finally, Roth Capital restated a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research note on Wednesday, May 31st. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $204.57.
Stamps.com (STMP) traded up 0.53% during midday trading on Thursday, reaching $199.05. The company had a trading volume of 283,162 shares. The stock has a market cap of $3.37 billion, a P/E ratio of 32.19 and a beta of -0.04. The firm has a 50-day moving average of $195.70 and a 200-day moving average of $145.81. Stamps.com has a 12 month low of $87.58 and a 12 month high of $220.25.
Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. During the same period in the prior year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 38.2% on a year-over-year basis. On average, equities analysts expect that Stamps.com will post $8.05 EPS for the current fiscal year.
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In other news, insider Seth Weisberg sold 5,000 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $150.15, for a total value of $750,750.00. Following the completion of the transaction, the insider now directly owns 27,572 shares in the company, valued at approximately $4,139,935.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sebastian Buerba sold 44,255 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $192.07, for a total value of $8,500,057.85. Following the completion of the transaction, the insider now owns 3,404 shares of the company’s stock, valued at $653,806.28. The disclosure for this sale can be found here. Insiders sold a total of 407,763 shares of company stock valued at $79,401,175 over the last quarter. 11.46% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of Stamps.com by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after acquiring an additional 266 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Stamps.com in the 1st quarter valued at $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stamps.com by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after acquiring an additional 92 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Stamps.com by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock valued at $167,000 after acquiring an additional 17 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of Stamps.com by 83.1% in the 1st quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after acquiring an additional 496 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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