B.Riley FBR analyst Zach Cummins reiterated a Buy rating on Stampscom (STMP) yesterday and set a price target of $130. The company’s shares opened today at $90.05, close to its 52-week low of $82.40.
Cummins wrote:
“We reiterate our Buy rating and $130 price target, which is based on a FY20 EV/EBITDA multiple of 12.5x.”
According to TipRanks.com, Cummins is a 1-star analyst with an average return of -5.3% and a 44.4% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, ChannelAdvisor, and Computer Task.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stampscom with a $119.50 average price target.
See today’s analyst top recommended stocks >>
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 876.1K.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
