In a report released yesterday, Allen Klee from Maxim Group maintained a Hold rating on Stampscom (STMP). The company’s shares closed yesterday at $58.98, close to its 52-week low of $32.54.
Klee commented:
“2Q19 topped consensus and revenue topped our estimate, but adjusted EBITDA and EPS missed our forecast with results negatively impacted by the previously announced loss of a large contract with the U.S. Postal Service (USPS), effective 1/1/19.”
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.0% and a 27.8% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Stampscom with a $55.50 average price target, implying a -5.9% downside from current levels. In a report issued on August 2, B.Riley FBR also maintained a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $257.75 and a one-year low of $32.54. Currently, Stampscom has an average volume of 1.13M.
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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.
