Stamps.com (STMP) Receiving Somewhat Positive Media Coverage, Analysis Shows
News articles about Stamps.com (NASDAQ:STMP) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stamps.com earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.0794817077718 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Adobe (ADBE) Beats Earnings and Revenue Estimates in Q3 (finance.yahoo.com)
- These 5 IBD 50 Growth Stocks Are Near Buys In Bullish Bases (feedproxy.google.com)
- Trimble Buys 10-4 Systems, Boosts Transportation Technology (msn.com)
- Head to Head Comparison: Stamps.com (STMP) & Its Rivals (americanbankingnews.com)
Stamps.com (NASDAQ STMP) opened at 209.25 on Friday. Stamps.com has a 52 week low of $88.30 and a 52 week high of $220.25. The stock has a 50 day moving average price of $199.02 and a 200-day moving average price of $147.30. The firm has a market capitalization of $3.54 billion, a P/E ratio of 33.84 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The company had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. Stamps.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Analysts anticipate that Stamps.com will post $8.05 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $250.00 price objective on shares of Stamps.com in a research note on Tuesday, August 8th. Craig Hallum set a $230.00 price objective on Stamps.com and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Sidoti reissued a “buy” rating and issued a $182.00 price objective on shares of Stamps.com in a research note on Thursday, July 6th. Finally, ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Stamps.com presently has an average rating of “Buy” and an average price target of $204.57.
In other Stamps.com news, insider Michael John Biswas sold 76,602 shares of Stamps.com stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $196.55, for a total transaction of $15,056,123.10. Following the sale, the insider now directly owns 15,365 shares of the company’s stock, valued at approximately $3,019,990.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director G Bradford Jones sold 27,000 shares of Stamps.com stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $208.73, for a total value of $5,635,710.00. Following the sale, the director now directly owns 64,486 shares in the company, valued at $13,460,162.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,763 shares of company stock worth $78,650,425. Insiders own 11.46% of the company’s stock.
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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