Roth Capital Maintains a Buy Rating on Stampscom (STMP)

By Ryan Adsit

Roth Capital analyst Darren Aftahi maintained a Buy rating on Stampscom (STMPResearch Report) today and set a price target of $260. The company’s shares opened today at $190.

Aftahi observed:

“We expect slightly better than consensus results when STMP reports its 4Q (date TBD). With a ~$15M projected topline contribution from Metapack, we expect ~10% y/y organic topline growth. Positive holiday e-commerce trends, our checks on Shopify merchants, and recent USPS Q results, point to what should be a solid 4Q print. For 2019, Metapack should catalyze additional growth, with potential for upstream e-tailer opportunities, and more moderated margins.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.7% and a 56.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Stampscom has an analyst consensus of Strong Buy, with a price target consensus of $293.33.

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Stampscom’s market cap is currently $3.45B and has a P/E ratio of 21.46. The company has a Price to Book ratio of 5.29.

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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.