Stamps.com (NASDAQ:STMP) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Stamps.com (NASDAQ:STMP) from a strong-buy rating to a hold rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Stamps.com is a leading provider of Internet-based postage services. Stamps.com’s service for postage online enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company targets its services to small businesses and home offices, and currently has PC Postage partnerships with Microsoft, EarthLink, HP, NCR, Office Depot, the U.S. Postal Service and others. Stamps.com provides easy, convenient and cost-effective Internet-based services for mailing or shipping letters, packages or parcels. Their PC Postage service is designed to allow individuals, home offices, small businesses or corporations to print US postage using any PC, any ordinary inkjet or laser printer, and an Internet connection. Its PhotoStamps product allows consumers and businesses to turn digital photos, designs or corporate logos into valid US postage. “

Several other analysts have also recently weighed in on STMP. Roth Capital increased their price target on shares of Stamps.com from $52.00 to $85.00 and gave the company a neutral rating in a research note on Tuesday, October 22nd. Maxim Group reissued a hold rating on shares of Stamps.com in a research note on Friday, August 9th. ValuEngine raised shares of Stamps.com from a buy rating to a strong-buy rating in a research note on Thursday, November 14th. BidaskClub cut shares of Stamps.com from a strong-buy rating to a buy rating in a research note on Friday. Finally, B. Riley increased their price target on shares of Stamps.com from $62.50 to $80.00 and gave the company a neutral rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $78.00.

Shares of Stamps.com stock traded down $0.55 during mid-day trading on Friday, hitting $87.52. The stock had a trading volume of 7,600 shares, compared to its average volume of 602,279. The firm has a 50-day moving average of $81.87 and a two-hundred day moving average of $60.11. Stamps.com has a 12-month low of $32.54 and a 12-month high of $207.25. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.46 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13.

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of Stamps.com by 555.3% during the 2nd quarter. AQR Capital Management LLC now owns 24,284 shares of the software maker’s stock worth $1,099,000 after purchasing an additional 20,578 shares during the period. Aperio Group LLC lifted its holdings in Stamps.com by 85.2% during the 2nd quarter. Aperio Group LLC now owns 13,499 shares of the software maker’s stock worth $611,000 after buying an additional 6,211 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Stamps.com during the 2nd quarter worth approximately $4,775,000. JPMorgan Chase & Co. lifted its holdings in Stamps.com by 380.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,260 shares of the software maker’s stock worth $9,031,000 after buying an additional 165,719 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Stamps.com by 4.7% during the 3rd quarter. Rhumbline Advisers now owns 54,850 shares of the software maker’s stock worth $4,084,000 after buying an additional 2,446 shares in the last quarter. 98.81% of the stock is owned by hedge funds and other 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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