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

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BidaskClub lowered shares of Stamps.com (NASDAQ:STMP) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Other analysts have also issued reports about the company. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a buy rating in a research note on Friday, July 27th. ValuEngine raised Stamps.com from a hold rating to a buy rating in a research note on Tuesday, September 4th. B. Riley set a $300.00 price target on Stamps.com and gave the stock a buy rating in a research note on Tuesday, October 30th. Roth Capital raised their price target on Stamps.com from $255.00 to $305.00 and gave the stock a buy rating in a research note on Thursday, July 26th. Finally, Craig Hallum decreased their price target on Stamps.com from $300.00 to $265.00 and set a buy rating on the stock in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $250.25.

STMP opened at $167.18 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.23 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.21 and a beta of 0.23. Stamps.com has a 52 week low of $160.00 and a 52 week high of $285.74.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.38. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The firm had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. During the same period last year, the company earned $2.68 EPS. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts predict that Stamps.com will post 9.79 earnings per share for the current fiscal year.

In other news, CMO Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $222.49, for a total value of $556,447.49. Following the transaction, the chief marketing officer now directly owns 720 shares of the company’s stock, valued at approximately $160,192.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $248.15, for a total value of $297,780.00. Following the completion of the transaction, the insider now directly owns 1,541 shares in the company, valued at $382,399.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,600 shares of company stock worth $1,973,733. 6.17% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Stamps.com by 4.8% in the 3rd quarter. BlackRock Inc. now owns 2,638,614 shares of the software maker’s stock valued at $596,854,000 after purchasing an additional 119,818 shares in the last quarter. Morgan Stanley lifted its stake in shares of Stamps.com by 446.0% in the 2nd quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after purchasing an additional 404,861 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Stamps.com by 16.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock valued at $86,652,000 after purchasing an additional 53,051 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Stamps.com by 69.8% in the 2nd quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after purchasing an additional 147,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Stamps.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,073 shares of the software maker’s stock valued at $72,645,000 after purchasing an additional 1,095 shares in the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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