Brokerages Set Stamps.com Inc. (NASDAQ:STMP) PT at $53.40

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Shares of Stamps.com Inc. (NASDAQ:STMP) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $53.40.

Several research firms recently weighed in on STMP. B. Riley restated a “buy” rating and issued a $26.00 price objective (up from $24.00) on shares of KEMET in a research report on Thursday, May 9th. Northland Securities restated a “buy” rating and issued a $55.00 price objective on shares of Heron Therapeutics in a research report on Thursday, May 9th. Craig Hallum decreased their price objective on shares of Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th.

STMP stock opened at $48.05 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day moving average of $40.47. The company has a market capitalization of $832.08 million, a PE ratio of 4.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28. Stamps.com has a 1-year low of $32.54 and a 1-year high of $284.45.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.14. The company had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $126.06 million. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. Stamps.com’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 earnings per share. Equities analysts anticipate that Stamps.com will post 2.34 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in Stamps.com by 0.9% in the third quarter. Vanguard Group Inc now owns 1,728,469 shares of the software maker’s stock valued at $390,979,000 after acquiring an additional 15,545 shares during the period. Stephens Inc. AR boosted its position in Stamps.com by 155.8% in the fourth quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock valued at $34,000 after buying an additional 134 shares in the last quarter. Texas Permanent School Fund boosted its position in Stamps.com by 3.7% in the fourth quarter. Texas Permanent School Fund now owns 11,135 shares of the software maker’s stock valued at $1,733,000 after buying an additional 397 shares in the last quarter. Raymond James & Associates boosted its position in Stamps.com by 536.4% in the fourth quarter. Raymond James & Associates now owns 12,143 shares of the software maker’s stock valued at $1,890,000 after buying an additional 10,235 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Stamps.com by 7.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 22,873 shares of the software maker’s stock valued at $3,287,000 after buying an additional 1,542 shares in the last quarter. 96.69% of the stock is owned by hedge funds and other institutional investors.

About Stamps.com

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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