Stamps.com Inc. (NASDAQ:STMP) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $256.14.

STMP has been the topic of a number of research reports. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub lowered shares of Stamps.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Roth Capital raised their price target on shares of Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Singular Research restated a “buy” rating and set a $93.00 price target on shares of Stamps.com in a report on Tuesday, June 19th. Finally, ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th.

In other news, insider Sebastian Buerba sold 2,499 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $252.80, for a total transaction of $631,747.20. Following the completion of the sale, the insider now owns 1,497 shares in the company, valued at approximately $378,441.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at approximately $382,399.15. The disclosure for this sale can be found here. Insiders have sold a total of 12,529 shares of company stock valued at $3,279,915 in the last 90 days. Insiders own 6.17% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Moody Aldrich Partners LLC acquired a new stake in shares of Stamps.com during the 2nd quarter worth approximately $4,132,000. Bank of New York Mellon Corp increased its holdings in Stamps.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,073 shares of the software maker’s stock valued at $72,645,000 after purchasing an additional 1,095 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Stamps.com in the 2nd quarter valued at approximately $859,000. Private Wealth Partners LLC acquired a new stake in Stamps.com in the 2nd quarter valued at approximately $202,000. Finally, Cozad Asset Management Inc. acquired a new stake in Stamps.com in the 2nd quarter valued at approximately $216,000. Institutional investors and hedge funds own 92.09% of the company’s stock.

STMP traded up $1.75 during trading on Wednesday, reaching $240.75. The company’s stock had a trading volume of 117,100 shares, compared to its average volume of 325,824. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38. Stamps.com has a 1 year low of $160.00 and a 1 year high of $285.74. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.79 and a beta of -0.01.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.58. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The business had revenue of $139.63 million for the quarter, compared to analyst estimates of $133.49 million. During the same period last year, the company posted $2.08 EPS. The business’s revenue was up 20.2% on a year-over-year basis. equities analysts anticipate that Stamps.com will post 9.07 earnings per share for the current fiscal year.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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