Shares of Shutterfly, Inc. (NASDAQ:SFLY) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $53.50.
Several research firms recently issued reports on SFLY. BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. began coverage on shares of Shutterfly in a research note on Tuesday, August 15th. They set a “buy” rating and a $56.00 price target on the stock. ValuEngine downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $53.00 price target on shares of Shutterfly in a research note on Friday, August 4th.
Shutterfly (NASDAQ:SFLY) traded up 0.50% during trading on Friday, reaching $48.32. The company had a trading volume of 554,939 shares. Shutterfly has a 52-week low of $41.91 and a 52-week high of $53.99. The company has a market capitalization of $1.61 billion, a PE ratio of 294.63 and a beta of 0.89. The stock has a 50 day moving average price of $46.46 and a 200-day moving average price of $48.14.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The firm had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. During the same period last year, the firm earned ($0.48) EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Shutterfly will post $0.47 earnings per share for the current fiscal year.
In other news, Director Betsy Rafael sold 1,060 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $47.76, for a total value of $50,625.60. Following the completion of the sale, the director now owns 5,046 shares of the company’s stock, valued at approximately $240,996.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the sale, the insider now directly owns 1,250 shares of the company’s stock, valued at approximately $58,200. The disclosure for this sale can be found here. Insiders sold a total of 30,836 shares of company stock valued at $1,493,826 in the last three months. Insiders own 5.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SFLY. Profund Advisors LLC acquired a new position in shares of Shutterfly in the 1st quarter valued at about $305,000. Great West Life Assurance Co. Can boosted its holdings in shares of Shutterfly by 1,257.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,377 shares of the technology company’s stock valued at $2,285,000 after buying an additional 43,886 shares during the period. First Trust Advisors LP boosted its holdings in shares of Shutterfly by 66.4% in the 1st quarter. First Trust Advisors LP now owns 32,520 shares of the technology company’s stock valued at $1,570,000 after buying an additional 12,971 shares during the period. Elkfork Partners LLC acquired a new position in shares of Shutterfly in the 1st quarter valued at about $116,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Shutterfly by 132.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,790 shares of the technology company’s stock valued at $569,000 after buying an additional 6,711 shares during the period.
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Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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