Stamps.com Inc. (STMP) PT Set at $250.00 by B. Riley
Stamps.com Inc. (NASDAQ:STMP) has been assigned a $250.00 price target by stock analysts at B. Riley in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the software maker’s stock. B. Riley’s price objective points to a potential upside of 29.53% from the company’s previous close.
A number of other equities analysts have also recently issued reports on STMP. Craig Hallum restated a “buy” rating and set a $210.00 price objective (up previously from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Zacks Investment Research lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Sidoti reaffirmed a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research report on Thursday, July 6th. Roth Capital reaffirmed a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research report on Wednesday, May 31st. Finally, ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $196.00.
Stamps.com (STMP) opened at 193.00 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 31.21 and a beta of 0.01. The firm’s 50-day moving average is $176.48 and its 200 day moving average is $139.36. Stamps.com has a 12-month low of $84.87 and a 12-month high of $220.25.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. During the same quarter in the previous year, the business earned $1.94 EPS. Stamps.com’s revenue was up 38.2% compared to the same quarter last year. On average, equities analysts expect that Stamps.com will post $8.05 earnings per share for the current fiscal year.
Stamps.com declared that its board has approved a stock buyback program on Wednesday, May 3rd that authorizes the company to repurchase $90.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $137.85, for a total value of $165,420.00. Following the completion of the transaction, the insider now directly owns 1,372 shares of the company’s stock, valued at approximately $189,130.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lloyd I. Miller III sold 1,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $194.75, for a total value of $194,750.00. Following the completion of the transaction, the director now directly owns 195,269 shares of the company’s stock, valued at $38,028,637.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,600 shares of company stock valued at $27,383,960. Corporate insiders own 11.46% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STMP. USA Financial Portformulas Corp acquired a new position in shares of Stamps.com during the second quarter valued at about $534,000. Ashford Capital Management Inc. raised its position in shares of Stamps.com by 37.7% in the second quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after buying an additional 28,530 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Stamps.com during the second quarter valued at about $607,000. Piedmont Investment Advisors LLC raised its position in shares of Stamps.com by 12.1% in the second quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after buying an additional 1,511 shares in the last quarter. Finally, Newbrook Capital Advisors LP acquired a new position in shares of Stamps.com during the second quarter valued at about $39,979,000.
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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