Stamps.com Rating Increased to Outperform at Northland Securities (STMP)

By admin | 6 years ago

Stamps.com (NASDAQ: STMP) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a $32.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital initiated coverage on shares of Stamps.com in a research note to investors on Monday, March 5th. They set a “buy” rating on the stock. Analysts at Zacks upgraded shares of Stamps.com from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, February 22nd.

Shares of Stamps.com opened at 27.01 on Tuesday. Stamps.com has a 52 week low of $11.64 and a 52 week high of $33.73. The company has a market cap of $438.9 million and a P/E ratio of 10.69.

Stamps.com last announced its earnings results on Wednesday, April 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts predict that Stamps.com will post $0.40 earnings per share next quarter.

Stamps.com Inc. is a provider of Internet-based postage solutions. The Company’s customers use its service to mail and ship a variety of mail pieces, including postcards, envelopes, flats and packages, using a range of the United States Postal Service (the USPS) mail classes, including First Class Mail, Priority Mail, Express Mail, Media Mail, Parcel Post and others.

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