Brokerages Set Stamps.com Inc. (NASDAQ:STMP) Target Price at $86.25

Stamps.com Inc. (NASDAQ:STMP) has earned an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $86.25.

Several analysts have issued reports on the company. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. ValuEngine upgraded shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. B. Riley increased their price objective on shares of Stamps.com from $62.50 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Roth Capital lifted their price objective on shares of Stamps.com from $52.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Craig Hallum upped their target price on shares of Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd.

In other news, Director Mohan P. Ananda sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.33% of the company’s stock.

Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Stamps.com by 555.3% in the second quarter. AQR Capital Management LLC now owns 24,284 shares of the software maker’s stock valued at $1,099,000 after acquiring an additional 20,578 shares in the last quarter. Aperio Group LLC boosted its stake in Stamps.com by 85.2% during the 2nd quarter. Aperio Group LLC now owns 13,499 shares of the software maker’s stock valued at $611,000 after purchasing an additional 6,211 shares in the last quarter. California Public Employees Retirement System boosted its stake in Stamps.com by 13.1% during the 3rd quarter. California Public Employees Retirement System now owns 29,899 shares of the software maker’s stock valued at $2,226,000 after purchasing an additional 3,466 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Stamps.com by 20.7% during the 3rd quarter. Squarepoint Ops LLC now owns 181,129 shares of the software maker’s stock valued at $13,485,000 after purchasing an additional 31,057 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Stamps.com by 4.7% during the 3rd quarter. Rhumbline Advisers now owns 54,850 shares of the software maker’s stock valued at $4,084,000 after purchasing an additional 2,446 shares during the period. 95.02% of the stock is owned by institutional investors.

Shares of STMP stock opened at $82.91 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The company’s fifty day moving average price is $86.41 and its two-hundred day moving average price is $62.51. The firm has a market capitalization of $1.42 billion, a P/E ratio of 8.43, a P/E/G ratio of 2.32 and a beta of 1.06. Stamps.com has a 12 month low of $32.54 and a 12 month high of $207.25.

Stamps.com (NASDAQ:STMP) last released its earnings results on Thursday, November 7th. The software maker reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.37. The company had revenue of $136.17 million during the quarter, compared to the consensus estimate of $126.19 million. Stamps.com had a net margin of 14.03% and a return on equity of 16.87%. On average, sell-side analysts anticipate that Stamps.com will post 2.38 EPS for the current year.

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.

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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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