Shares of Stamps.com Inc. (NASDAQ:STMP) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $81.80.
Several equities research analysts have weighed in on the stock. Maxim Group reiterated a “hold” rating on shares of Stamps.com in a report on Friday, August 9th. Roth Capital increased their target price on shares of Stamps.com from $52.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday. 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 report on Friday, August 9th. Craig Hallum increased their target price on shares of Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, B. Riley increased their target price on shares of Stamps.com from $62.50 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday.
STMP traded up $18.17 during mid-day trading on Thursday, hitting $94.30. The stock had a trading volume of 1,509,224 shares, compared to its average volume of 296,414. The stock’s fifty day simple moving average is $73.11 and its 200-day simple moving average is $59.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Stamps.com has a 1-year low of $32.54 and a 1-year high of $211.39.
Several hedge funds have recently modified their holdings of STMP. Commerzbank Aktiengesellschaft FI bought a new position in Stamps.com in the third quarter valued at $420,000. Everence Capital Management Inc. acquired a new stake in shares of Stamps.com during the 3rd quarter worth about $205,000. State of Alaska Department of Revenue lifted its stake in shares of Stamps.com by 126.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,526 shares of the software maker’s stock worth $932,000 after buying an additional 6,993 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Stamps.com during the 2nd quarter worth about $412,000. Finally, Voloridge Investment Management LLC lifted its stake in shares of Stamps.com by 74.3% during the 2nd quarter. Voloridge Investment Management LLC now owns 76,351 shares of the software maker’s stock worth $3,456,000 after buying an additional 32,551 shares during the last quarter. 99.68% of the stock is owned by institutional investors.
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.
Further Reading: What is the CBOE Russell 2000® Volatility Index?
Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.