Stamps.com (NASDAQ:STMP) Given New Price Target at Roth Capital

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Stamps.com (NASDAQ:STMP) had its target price raised by Roth Capital from to in a report issued on Thursday morning, The Fly reports. The brokerage currently has a hold rating on the software maker’s stock.

STMP has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Stamps.com from a strong-buy rating to a hold rating in a report on Friday, November 15th. ValuEngine downgraded shares of Stamps.com from a strong-buy rating to a buy rating in a report on Tuesday, February 4th. BidaskClub raised shares of Stamps.com from a sell rating to a hold rating in a report on Friday, February 14th. Finally, Craig Hallum raised their price objective on shares of Stamps.com from $115.00 to $150.00 and gave the stock a buy rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $97.67.

Stamps.com stock traded up $16.48 during mid-day trading on Thursday, reaching $174.47. The company had a trading volume of 6,060,552 shares, compared to its average volume of 730,713. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. Stamps.com has a 52 week low of $32.54 and a 52 week high of $185.20. The company has a 50 day moving average of $86.90 and a 200-day moving average of $79.30. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 9.50 and a beta of 1.03.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $1.90. The firm had revenue of $160.90 million during the quarter, compared to the consensus estimate of $140.31 million. Stamps.com had a net margin of 10.36% and a return on equity of 10.52%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.73 EPS. On average, analysts predict that Stamps.com will post 0.67 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Stamps.com during the 3rd quarter worth about $31,000. Covington Capital Management acquired a new stake in shares of Stamps.com during the 4th quarter worth about $46,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Stamps.com during the 4th quarter worth about $67,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Stamps.com by 102.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 888 shares of the software maker’s stock worth $74,000 after purchasing an additional 449 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Stamps.com by 74.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 918 shares of the software maker’s stock worth $68,000 after purchasing an additional 391 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

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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The Fly

Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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