Maxim Group Maintains Their Hold Rating on Stampscom (STMP)


Maxim Group analyst Allen Klee maintained a Hold rating on Stampscom (STMP) today. The company’s shares closed yesterday at $90.47, close to its 52-week low of $82.40.

Klee noted:

“Conference call with Stamps.com’s CFO Jeff Carberry spelled out a long-term vision for diversification. Opportunities exist with new carriers and international and we are encouraged by management’s history of smart investments. Still, we remained concerned on timing of turnaround and potential challenges related to USPS. We maintain our 2019 estimates but lower our 2020 forecast, based on impact of the transition to re-build revenue after losing some of the USPS business. Maintain Hold rating.”

According to TipRanks.com, Klee ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.2% and a 42.4% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.

Currently, the analyst consensus on Stampscom is a Moderate Buy with an average price target of $119.50.

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The company has a one-year high of $285.75 and a one-year low of $82.40. Currently, Stampscom has an average volume of 888.4K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.

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Stamps.com, Inc. engages in the provision of Internet-based mailing and shipping solutions. It enables small businesses, enterprises, and online retailers to print U.S. Postal Service-approved postage. It operates under following segments: Stamps.com and MetaPack.

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