Stamps.com (STMP) Cut to Strong Sell at BidaskClub

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Stamps.com (NASDAQ:STMP) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

STMP has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine upgraded shares of Stamps.com from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Maxim Group upgraded shares of Stamps.com from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Wednesday, April 10th. Roth Capital downgraded shares of Stamps.com from a “buy” rating to a “sell” rating and set a $78.00 price target on the stock. in a research note on Friday, February 22nd. Finally, Craig Hallum reduced their price target on shares of Stamps.com from $265.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 22nd. Three investment 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. The company presently has an average rating of “Hold” and a consensus price target of $122.83.

STMP opened at $76.60 on Tuesday. Stamps.com has a 1-year low of $76.19 and a 1-year high of $285.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $1.39 billion, a PE ratio of 7.78, a P/E/G ratio of 1.32 and a beta of 0.38.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Thursday, February 21st. The software maker reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.83. Stamps.com had a net margin of 28.73% and a return on equity of 30.75%. The company had revenue of $170.23 million for the quarter, compared to the consensus estimate of $159.99 million. During the same period last year, the company posted $4.68 EPS. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year. On average, analysts expect that Stamps.com will post 3.95 earnings per share for the current year.

In related news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $185.15, for a total transaction of $222,180.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mohan P. Ananda sold 1,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, March 6th. The stock was 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. Over the last quarter, insiders have sold 13,400 shares of company stock worth $2,555,500. 6.17% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Stamps.com by 0.9% in the 3rd 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 in the last quarter. Vanguard Group Inc increased its stake in shares of Stamps.com by 0.9% in the 3rd 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 in the last quarter. Morgan Stanley increased its stake in shares of Stamps.com by 49.5% in the 3rd quarter. Morgan Stanley now owns 740,945 shares of the software maker’s stock valued at $167,602,000 after acquiring an additional 245,300 shares in the last quarter. SQN Investors LP increased its stake in shares of Stamps.com by 91.9% in the 4th quarter. SQN Investors LP now owns 599,282 shares of the software maker’s stock valued at $93,272,000 after acquiring an additional 287,070 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Stamps.com by 16.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 447,674 shares of the software maker’s stock valued at $69,676,000 after acquiring an additional 64,596 shares in the last quarter. 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.

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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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