Symons Capital Management Inc. bought a new position in shares of Stamps.com Inc. (NASDAQ:STMP) during the third quarter, Holdings Channel.com reports. The fund bought 2,890 shares of the software maker’s stock, valued at approximately $215,000.
Several other hedge funds have also bought and sold shares of STMP. Exane Derivatives acquired a new position in Stamps.com in the 2nd quarter valued at $233,000. Meridian Wealth Management LLC grew its holdings in Stamps.com by 32.1% in the 2nd quarter. Meridian Wealth Management LLC now owns 2,058 shares of the software maker’s stock valued at $93,000 after buying an additional 500 shares in the last quarter. First Quadrant L P CA grew its holdings in Stamps.com by 3,036.2% in the 2nd quarter. First Quadrant L P CA now owns 2,164 shares of the software maker’s stock valued at $98,000 after buying an additional 2,095 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Stamps.com by 3.2% in the 2nd 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 in the last quarter. Finally, Lapides Asset Management LLC grew its holdings in Stamps.com by 37.0% in the 2nd quarter. Lapides Asset Management LLC now owns 22,200 shares of the software maker’s stock valued at $1,005,000 after buying an additional 6,000 shares in the last quarter. 98.81% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on STMP shares. Maxim Group reissued a “hold” rating on shares of Stamps.com in a report on Friday, August 9th. Craig Hallum increased their target price on Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. ValuEngine raised Stamps.com from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised 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. Finally, B. Riley increased their target price on Stamps.com from $62.50 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $78.00.
Shares of STMP traded up $9.93 during trading hours on Friday, hitting $90.75. 1,857,200 shares of the company were exchanged, compared to its average volume of 838,825. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 2.20 and a beta of 1.13. The firm’s fifty day moving average is $79.22 and its 200 day moving average is $59.94. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.10. Stamps.com Inc. has a fifty-two week low of $32.54 and a fifty-two week high of $207.25.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.68. The company had revenue of $138.77 million during the quarter, compared to analysts’ expectations of $128.35 million. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 earnings per share. Analysts anticipate that Stamps.com Inc. will post 2.63 EPS for the current year.
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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