Stamps.com (NASDAQ:STMP) Downgraded by BidaskClub to “Buy”

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BidaskClub lowered shares of Stamps.com (NASDAQ:STMP) from a strong-buy rating to a buy rating in a research report released on Friday morning, BidAskClub reports.

A number of other equities analysts also recently commented on STMP. ValuEngine upgraded Stamps.com from a buy rating to a strong-buy rating in a report on Thursday. B. Riley increased their price objective on Stamps.com from $62.50 to $80.00 and gave the stock a neutral rating in a report on Tuesday, October 22nd. Craig Hallum increased their price objective on Stamps.com from $60.00 to $100.00 and gave the stock a buy rating in a report on Tuesday, October 22nd. Roth Capital increased their price objective on Stamps.com from $52.00 to $85.00 and gave the stock a neutral rating in a report on Tuesday, October 22nd. Finally, Maxim Group reaffirmed a hold rating on shares of Stamps.com in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $78.00.

NASDAQ STMP traded down $0.07 on Friday, hitting $85.70. 427,500 shares of the company were exchanged, compared to its average volume of 590,999. The company’s 50 day moving average price is $81.09 and its 200-day moving average price is $60.11. Stamps.com has a twelve month low of $32.54 and a twelve month high of $207.25. The firm has a market capitalization of $1.47 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64.

A number of institutional investors have recently made changes to their positions in the business. Okumus Fund Management Ltd. bought a new stake in Stamps.com during the second quarter worth approximately $50,911,000. Fisher Asset Management LLC boosted its position in Stamps.com by 10.0% during the third quarter. Fisher Asset Management LLC now owns 823,456 shares of the software maker’s stock worth $61,306,000 after purchasing an additional 74,872 shares during the period. Simcoe Capital Management LLC bought a new stake in Stamps.com during the second quarter worth approximately $28,427,000. Nuveen Asset Management LLC bought a new stake in Stamps.com during the second quarter worth approximately $15,353,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Stamps.com by 32.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 288,057 shares of the software maker’s stock worth $21,446,000 after purchasing an additional 70,159 shares during the period. 98.81% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Stamps.com (NASDAQ:STMP)

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