Stamps.com (STMP) Lowered to “Strong Sell” at BidaskClub

BidaskClub cut shares of Stamps.com (NASDAQ:STMP) from a sell rating to a strong sell rating in a research note published on Tuesday, BidAskClub reports.

Several other analysts have also commented on STMP. Zacks Investment Research upgraded shares of Stamps.com from a hold rating to a buy rating and set a $199.00 price objective for the company in a report on Tuesday, January 29th. Maxim Group upgraded shares of Stamps.com from a hold rating to a buy rating and set a $98.00 price objective for the company in a report on Wednesday, April 10th. ValuEngine upgraded shares of Stamps.com from a sell rating to a hold rating in a report on Monday, January 7th. Finally, TheStreet lowered shares of Stamps.com from a b- rating to a c+ rating in a report on Monday, March 11th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Stamps.com currently has an average rating of Hold and an average target price of $122.83.

Shares of STMP opened at $78.41 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.08. Stamps.com has a one year low of $75.61 and a one year high of $285.74. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 1.29 and a beta of 0.37.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Thursday, February 21st. The software maker reported $3.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.83. Stamps.com had a net margin of 28.73% and a return on equity of 30.75%. The business had revenue of $170.23 million during the quarter, compared to analyst estimates of $159.99 million. During the same period last year, the business posted $4.68 earnings per share. Stamps.com’s quarterly revenue was up 28.5% compared to the same quarter last year. Sell-side analysts predict that Stamps.com will post 3.95 EPS for the current fiscal year.

In other news, insider Amine Khechfe sold 11,200 shares of Stamps.com stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $200.00, for a total transaction of $2,240,000.00. Following the completion of the transaction, the insider now directly owns 11,591 shares in the company, valued at $2,318,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mohan P. Ananda sold 1,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $93.32, for a total transaction of $93,320.00. The disclosure for this sale can be found here. Insiders have sold 13,400 shares of company stock valued at $2,555,500 over the last quarter. Company insiders own 6.17% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stamps.com by 5.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,892 shares of the software maker’s stock valued at $294,000 after acquiring an additional 100 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Stamps.com by 3.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,065 shares of the software maker’s stock valued at $633,000 after acquiring an additional 120 shares in the last quarter. Stephens Inc. AR increased its position in shares of Stamps.com by 155.8% during the fourth quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock valued at $34,000 after acquiring an additional 134 shares in the last quarter. Bank of Montreal Can increased its position in shares of Stamps.com by 10.9% during the fourth quarter. Bank of Montreal Can now owns 1,388 shares of the software maker’s stock valued at $217,000 after acquiring an additional 136 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Stamps.com during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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.

Featured Story: What is the Consumer Price Index (CPI)?

Analyst Recommendations for Stamps.com (NASDAQ:STMP)

Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.