Stamps.com (NASDAQ:STMP) Given New $150.00 Price Target at Craig Hallum

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Stamps.com (NASDAQ:STMP) had its target price upped by Craig Hallum from $115.00 to $150.00 in a research report report published on Thursday, The Fly reports. They currently have a buy rating on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Stamps.com from a strong-buy rating to a buy rating in a report on Tuesday, February 4th. BidaskClub upgraded shares of Stamps.com from a sell rating to a hold rating in a report on Friday, February 14th. Finally, Zacks Investment Research lowered shares of Stamps.com from a strong-buy rating to a hold rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stamps.com presently has an average rating of Hold and an average price target of $97.67.

STMP stock traded up $16.48 during midday trading on Thursday, hitting $174.47. The stock had a trading volume of 6,060,552 shares, compared to its average volume of 730,713. The firm has a market cap of $1.63 billion, a PE ratio of 52.71, a price-to-earnings-growth ratio of 9.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. Stamps.com has a 12-month low of $32.54 and a 12-month high of $185.20. The company’s 50-day moving average price is $86.90 and its 200 day moving average price is $79.30.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, February 19th. The software maker reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $1.90. The firm had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $140.31 million. Stamps.com had a net margin of 10.36% and a return on equity of 10.52%. Stamps.com’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.73 EPS. As a group, sell-side analysts anticipate that Stamps.com will post 0.67 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in STMP. Steel Peak Wealth Management LLC acquired a new position in shares of Stamps.com during the 4th quarter valued at $25,459,000. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Stamps.com by 15.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,472,380 shares of the software maker’s stock valued at $109,619,000 after acquiring an additional 197,351 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Stamps.com by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 823,456 shares of the software maker’s stock valued at $61,306,000 after acquiring an additional 74,872 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Stamps.com by 1,258.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 76,587 shares of the software maker’s stock valued at $6,397,000 after acquiring an additional 70,948 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Stamps.com by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 288,057 shares of the software maker’s stock valued at $21,446,000 after acquiring an additional 70,159 shares in the last quarter. Institutional investors own 98.39% 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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