Northland Securities Believes Stampscom (NASDAQ: STMP) Still Has Room to Grow

By Jason Carr

Northland Securities analyst Tim Klasell reiterated a Buy rating on Stampscom (NASDAQ: STMP) yesterday and set a price target of $250. The company’s shares closed yesterday at $217.70, close to its 52-week high of $222.90.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 17.4% and a 75.0% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, CommVault Systems, and Jive Software Inc.

Currently, the analyst consensus on Stampscom is Strong Buy and the average price target is $224, representing a 2.9% upside.

In a report issued on October 5, B. Riley also reiterated a Buy rating on the stock with a $250 price target.

Stampscom’s market cap is currently $3.69B and has a P/E ratio of 35.28. The company has a book value ratio of 9.1532.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Lloyd I. Miller, a Director at STMP sold 48,872 shares for a total of $9,463,640.

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. It operates under the Stamps.com, Endicia, ShipStation, ShipWorks, and ShippingEasy brands. The company was founded by James A. C.