Stamps.com (NASDAQ:STMP) had its price objective hoisted by stock analysts at B. Riley from $50.00 to $62.50 in a research report issued to clients and investors on Friday, Briefing.com Automated Import reports. The brokerage presently has a “neutral” rating on the software maker’s stock. B. Riley’s price objective indicates a potential downside of 17.48% from the company’s previous close.
Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Stamps.com from a “sell” rating to a “hold” rating in a research report on Wednesday. Maxim Group reiterated a “hold” rating on shares of Stamps.com in a research report on Friday, August 9th. BidaskClub lowered shares of Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 20th. Zacks Investment Research upgraded shares of Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a research report on Friday, August 9th. Finally, Craig Hallum upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.92.
NASDAQ:STMP traded up $2.89 on Friday, reaching $75.74. The stock had a trading volume of 74,302 shares, compared to its average volume of 426,644. The company has a market capitalization of $1.32 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 1.82 and a beta of 1.13. Stamps.com has a 1-year low of $32.54 and a 1-year high of $226.75. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $68.60 and a 200-day moving average price of $59.84.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Okumus Fund Management Ltd. acquired a new position in Stamps.com in the second quarter valued at approximately $50,911,000. SQN Investors LP lifted its holdings in Stamps.com by 36.4% in the first quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock valued at $66,550,000 after buying an additional 218,182 shares during the period. Fisher Asset Management LLC lifted its holdings in Stamps.com by 3.2% in the second quarter. Fisher Asset Management LLC now owns 748,584 shares of the software maker’s stock valued at $33,888,000 after buying an additional 23,004 shares during the period. Simcoe Capital Management LLC acquired a new position in Stamps.com in the second quarter valued at approximately $28,427,000. Finally, Nuveen Asset Management LLC acquired a new position in Stamps.com in the second quarter valued at approximately $15,353,000. Institutional investors and hedge funds own 99.70% 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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