Several other equities research analysts have also issued reports on STMP. Zacks Investment Research lowered Stamps.com from a strong-buy rating to a hold rating and set a $180.00 price target for the company. in a research note on Friday, November 16th. ValuEngine lowered Stamps.com from a hold rating to a sell rating in a research note on Thursday, November 1st. Craig Hallum lowered their target price on Stamps.com from $300.00 to $265.00 and set a buy rating for the company in a research note on Thursday, November 1st. BidaskClub lowered Stamps.com from a hold rating to a sell rating in a research note on Wednesday, September 26th. Finally, Maxim Group set a $320.00 target price on Stamps.com and gave the company a buy rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $246.86.
STMP stock traded down $3.73 during mid-day trading on Thursday, hitting $172.83. 180,529 shares of the stock were exchanged, compared to its average volume of 375,875. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.08. Stamps.com has a 12 month low of $145.78 and a 12 month high of $285.74. The firm has a market cap of $2.96 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.11 and a beta of 0.20.
In related news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $186.24, for a total transaction of $223,488.00. Following the transaction, the insider now owns 1,541 shares in the company, valued at approximately $286,995.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Sebastian Buerba sold 2,501 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the transaction, the chief marketing officer now owns 720 shares in the company, valued at approximately $160,192.80. The disclosure for this sale can be found here. In the last three months, insiders sold 4,901 shares of company stock valued at $1,051,927. 6.17% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in STMP. Robeco Institutional Asset Management B.V. increased its holdings in Stamps.com by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock valued at $125,000 after purchasing an additional 259 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Stamps.com by 6,925.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock worth $127,000 after acquiring an additional 554 shares during the period. Cerebellum GP LLC purchased a new position in shares of Stamps.com during the 3rd quarter worth approximately $156,000. Quantbot Technologies LP purchased a new position in shares of Stamps.com during the 3rd quarter worth approximately $167,000. Finally, BRYN MAWR TRUST Co purchased a new position in shares of Stamps.com during the 2nd quarter worth approximately $202,000. Institutional investors own 93.73% of the company’s stock.
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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