Roth Capital Sticks to Its Sell Rating for Stampscom (STMP)

By Ryan Adsit

Roth Capital analyst Darren Aftahi maintained a Sell rating on Stampscom (STMPResearch Report) today and set a price target of $78. The company’s shares opened today at $85.63, close to its 52-week low of $82.40.

Aftahi wrote:

“We recently hosted STMP’s CEO a fireside chat at our conference. Our general takeaway was while we believe moving away from the USPS was the correct strategic decision, it is hard to see how the unit economics of its multicarrier approach will yield the same unit economics its predecessor USPS-relationship did. On a more positive note, we do see Metapack as a potential catalyst both Internationally and potentially domestically.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 13.3% and a 55.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

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 926.1K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral 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.