Stamps.com (STMP) Given Daily News Impact Score of 0.10
Headlines about Stamps.com (NASDAQ:STMP) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. 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 headlines about the software maker an impact score of 46.1548029154113 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Stamps.com (STMP) traded up $5.35 on Thursday, reaching $189.30. 240,261 shares of the company’s stock were exchanged, compared to its average volume of 450,632. The company has a market capitalization of $3,160.00, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.65 and a beta of -0.06. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.27. Stamps.com has a 1 year low of $100.55 and a 1 year high of $233.13.
Stamps.com declared that its Board of Directors has approved a share repurchase program on Thursday, November 2nd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several research firms recently weighed in on STMP. B. Riley reiterated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Friday, December 1st. Northland Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Wednesday, November 22nd. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Roth Capital increased their target price on shares of Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research cut shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Stamps.com currently has an average rating of “Buy” and a consensus target price of $217.71.
In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $202.90, for a total transaction of $243,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Sebastian Buerba sold 3,448 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $230.05, for a total transaction of $793,212.40. Following the transaction, the chief marketing officer now owns 16,871 shares of the company’s stock, valued at approximately $3,881,173.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,639 shares of company stock valued at $51,676,710. Corporate insiders own 11.08% of the company’s stock.
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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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