Roth Capital Reaffirms “Sell” Rating for Stamps.com (STMP)

Roth Capital reissued their sell rating on shares of Stamps.com (NASDAQ:STMP) in a research note published on Thursday morning, The Fly reports. The firm currently has a $35.00 price target on the software maker’s stock, down from their previous price target of $78.00.

Several other brokerages have also issued reports on STMP. Zacks Investment Research raised shares of Stamps.com from a hold rating to a buy rating and set a $193.00 target price on the stock in a research note on Tuesday, January 15th. Maxim Group reiterated a buy rating and issued a $320.00 price target on shares of Stamps.com in a research report on Thursday, January 24th. BidaskClub upgraded shares of Stamps.com from a strong sell rating to a sell rating in a research report on Saturday, February 2nd. Finally, Craig Hallum cut their price target on shares of Stamps.com from $265.00 to $125.00 and set a buy rating on the stock in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $81.86.

STMP opened at $40.59 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.52 and a current ratio of 1.38. Stamps.com has a twelve month low of $35.25 and a twelve month high of $285.74. The stock has a market capitalization of $641.62 million, a PE ratio of 4.13, a PEG ratio of 0.62 and a beta of 0.38.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.14. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The business had revenue of $136.00 million for the quarter, compared to analyst estimates of $126.06 million. During the same quarter in the prior year, the firm earned $2.54 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that Stamps.com will post 3.95 earnings per share for the current year.

In other Stamps.com news, insider Amine Khechfe sold 11,200 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $200.00, for a total transaction of $2,240,000.00. Following the sale, the insider now directly owns 11,591 shares in the company, valued at approximately $2,318,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mohan P. Ananda sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $93.32, for a total transaction of $93,320.00. The disclosure for this sale can be found here. Company insiders own 6.17% of the company’s stock.

A number of hedge funds have recently made changes to their positions in STMP. SQN Investors LP raised its holdings in Stamps.com by 91.9% during the 4th quarter. SQN Investors LP now owns 599,282 shares of the software maker’s stock worth $93,272,000 after buying an additional 287,070 shares during the period. Morgan Stanley raised its holdings in shares of Stamps.com by 49.5% in the third quarter. Morgan Stanley now owns 740,945 shares of the software maker’s stock valued at $167,602,000 after purchasing an additional 245,300 shares during the last quarter. Norges Bank acquired a new stake in shares of Stamps.com in the fourth quarter valued at approximately $27,716,000. Elk Creek Partners LLC acquired a new stake in shares of Stamps.com in the first quarter valued at approximately $10,813,000. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Stamps.com by 70.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 280,643 shares of the software maker’s stock valued at $43,679,000 after purchasing an additional 115,999 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

About Stamps.com

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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The Fly

Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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