Stamps.com (STMP) PT Set at $300.00 by B. Riley

Stamps.com (NASDAQ:STMP) has been given a $300.00 target price by equities researchers at B. Riley in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. B. Riley’s price objective would indicate a potential upside of 54.38% from the company’s current price.

Several other research analysts have also issued reports on the company. Maxim Group set a $320.00 target price on Stamps.com and gave the company a “buy” rating in a research report on Thursday, August 2nd. ValuEngine lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. BidaskClub lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, Roth Capital upped their target price on Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Stamps.com presently has an average rating of “Buy” and an average price target of $252.00.

Shares of NASDAQ:STMP opened at $194.32 on Thursday. Stamps.com has a 1 year low of $160.00 and a 1 year high of $285.74. The stock has a market cap of $3.69 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.50 and a beta of -0.03. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09.

Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.58. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. The company had revenue of $139.63 million for the quarter, compared to analyst estimates of $133.49 million. During the same period in the prior year, the company posted $2.08 EPS. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. Research analysts expect that Stamps.com will post 9.07 EPS for the current fiscal year.

In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $226.66, for a total value of $271,992.00. Following the transaction, the insider now directly owns 1,541 shares of the company’s stock, valued at $349,283.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Sebastian Buerba sold 2,499 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $249.71, for a total value of $624,025.29. Following the completion of the transaction, the chief marketing officer now directly owns 719 shares in the company, valued at $179,541.49. The disclosure for this sale can be found here. Insiders sold 9,901 shares of company stock worth $2,399,880 over the last three months. Corporate insiders own 6.17% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of Stamps.com by 196.5% in the first quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock valued at $119,000 after purchasing an additional 391 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Stamps.com in the first quarter valued at about $123,000. Cerebellum GP LLC purchased a new stake in shares of Stamps.com in the third quarter worth about $156,000. NewSquare Capital LLC purchased a new stake in shares of Stamps.com in the second quarter worth about $185,000. Finally, BRYN MAWR TRUST Co purchased a new stake in shares of Stamps.com in the second quarter worth about $202,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

About Stamps.com

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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