Stamps.com (NASDAQ:STMP) Trading Up 8.5%

Stamps.com Inc. (NASDAQ:STMP)’s stock price was up 8.5% on Friday . The stock traded as high as $62.78 and last traded at $62.31, approximately 913,212 shares were traded during trading. A decline of 7% from the average daily volume of 980,767 shares. The stock had previously closed at $57.43.

Several equities analysts recently weighed in on STMP shares. Northland Securities lowered shares of Stamps.com from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $145.00 to $80.00 in a report on Thursday, May 9th. Craig Hallum upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. 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. Maxim Group restated a “hold” rating on shares of Stamps.com in a report on Friday, August 9th. Finally, Roth Capital restated a “sell” rating and set a $35.00 target price (down previously from $78.00) on shares of Stamps.com in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $55.17.

The stock has a market cap of $987.47 million, a PE ratio of 6.33, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $48.46 and its 200-day moving average is $75.92.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.68. Stamps.com had a net margin of 17.98% and a return on equity of 21.69%. The firm had revenue of $138.77 million for the quarter, compared to the consensus estimate of $128.35 million. During the same quarter in the previous year, the firm posted $2.75 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Stamps.com Inc. will post 2.65 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Okumus Fund Management Ltd. purchased a new stake in Stamps.com during the 2nd quarter worth $50,911,000. SQN Investors LP increased its stake in Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock worth $66,550,000 after buying an additional 218,182 shares during the period. Fisher Asset Management LLC increased its stake in Stamps.com by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 748,584 shares of the software maker’s stock worth $33,888,000 after buying an additional 23,004 shares during the period. Simcoe Capital Management LLC purchased a new stake in Stamps.com during the 2nd quarter worth $28,427,000. Finally, Nuveen Asset Management LLC purchased a new stake in Stamps.com during the 2nd quarter worth $15,353,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

About Stamps.com (NASDAQ:STMP)

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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