BidaskClub Downgrades Stamps.com (STMP) to Buy
BidaskClub lowered shares of Stamps.com (NASDAQ:STMP) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.
A number of other equities analysts also recently issued reports on STMP. Roth Capital increased their target price on Stamps.com from $203.00 to $245.00 and gave the stock a buy rating in a research note on Monday, October 30th. ValuEngine downgraded Stamps.com from a buy rating to a hold rating in a research note on Monday, November 20th. Northland Securities reissued a buy rating and set a $250.00 target price on shares of Stamps.com in a research note on Wednesday, November 22nd. Finally, B. Riley reissued a buy rating and set a $250.00 target price on shares of Stamps.com in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $217.71.
Stamps.com (NASDAQ STMP) opened at $179.10 on Tuesday. The stock has a market capitalization of $3,130.00, a P/E ratio of 23.44, a PEG ratio of 2.06 and a beta of -0.05. Stamps.com has a one year low of $100.55 and a one year high of $233.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.80 and a current ratio of 2.80.
In related news, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $167.40, for a total value of $200,880.00. Following the completion of the transaction, the insider now directly owns 1,442 shares of the company’s stock, valued at approximately $241,390.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth Thomas Mcbride sold 8,115 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $182.46, for a total value of $1,480,662.90. Following the completion of the transaction, the chief executive officer now directly owns 9,981 shares of the company’s stock, valued at $1,821,133.26. The disclosure for this sale can be found here. Insiders sold a total of 165,674 shares of company stock valued at $29,976,530 over the last ninety days. 11.08% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STMP. BlackRock Inc. increased its stake in Stamps.com by 6.1% in the 4th quarter. BlackRock Inc. now owns 2,016,516 shares of the software maker’s stock valued at $379,105,000 after purchasing an additional 115,609 shares in the last quarter. Garelick Capital Partners LP increased its stake in Stamps.com by 69.1% in the 4th quarter. Garelick Capital Partners LP now owns 211,305 shares of the software maker’s stock valued at $39,725,000 after purchasing an additional 86,383 shares in the last quarter. Bogle Investment Management L P DE purchased a new position in Stamps.com in the 4th quarter valued at approximately $13,402,000. Copper Rock Capital Partners LLC increased its stake in Stamps.com by 55.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 155,384 shares of the software maker’s stock valued at $29,414,000 after purchasing an additional 55,535 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Stamps.com in the 4th quarter valued at approximately $10,349,000. 99.60% of the stock is owned by hedge funds and other institutional investors.
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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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