Stamps.com (NASDAQ:STMP) Downgraded to “Hold” at Maxim Group

Maxim Group downgraded shares of Stamps.com (NASDAQ:STMP) from a buy rating to a hold rating in a research note released on Thursday, BenzingaRatingsTable reports.

Other equities research analysts have also issued research reports about the company. Craig Hallum dropped their price target on Green Dot from $115.00 to $100.00 and set a buy rating on the stock in a research report on Thursday, May 9th. B. Riley reaffirmed a buy rating and set a $26.00 price target (up previously from $24.00) on shares of KEMET in a research report on Thursday, May 9th. Northland Securities reaffirmed a buy rating and set a $55.00 price target on shares of Heron Therapeutics in a research report on Thursday, May 9th. BidaskClub raised Yandex from a buy rating to a strong-buy rating in a research report on Friday, June 14th. Finally, Roth Capital raised their price target on NV5 Global from $90.00 to $96.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $80.00.

NASDAQ STMP opened at $45.30 on Thursday. The firm has a market capitalization of $784.46 million, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.29 and a beta of 1.28. 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’s 50-day simple moving average is $42.30. Stamps.com has a one year low of $32.54 and a one year high of $284.45.



Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.14. The company had revenue of $136.00 million for the quarter, compared to analyst estimates of $126.06 million. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. Stamps.com’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 earnings per share. As a group, analysts anticipate that Stamps.com will post 2.34 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Meridian Wealth Management LLC increased its holdings in Stamps.com by 32.1% in the 2nd quarter. Meridian Wealth Management LLC now owns 2,058 shares of the software maker’s stock worth $93,000 after purchasing an additional 500 shares in the last quarter. Exane Derivatives bought a new stake in shares of Stamps.com during the 2nd quarter valued at about $233,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Stamps.com during the 1st quarter valued at about $697,000. Trexquant Investment LP bought a new stake in shares of Stamps.com during the 1st quarter valued at about $1,774,000. Finally, SQN Investors LP boosted its position in shares of Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock valued at $66,550,000 after purchasing an additional 218,182 shares in the last quarter. 96.67% 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 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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