Shutterfly, Inc. (NASDAQ:SFLY) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other equities analysts also recently weighed in on the stock. 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. assumed coverage on shares of Shutterfly in a research note on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price target on the stock. BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price target on shares of Shutterfly in a research note on Friday, August 4th. Finally, TheStreet downgraded shares of Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.10.
Shutterfly (SFLY) opened at 47.84 on Friday. Shutterfly has a one year low of $41.91 and a one year high of $53.99. The firm has a market cap of $1.60 billion, a PE ratio of 291.71 and a beta of 0.89. The company has a 50-day moving average price of $46.45 and a 200-day moving average price of $48.21.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $209.03 million during the quarter, compared to analyst estimates of $209.46 million. During the same period last year, the company posted ($0.48) earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Shutterfly will post $0.47 earnings per share for the current fiscal year.
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In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were 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 in the company, valued at $58,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jason Sebring sold 644 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $48.30, for a total transaction of $31,105.20. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SFLY. Profund Advisors LLC bought a new stake in Shutterfly during the first quarter valued at about $305,000. Great West Life Assurance Co. Can boosted its holdings in Shutterfly by 1,257.1% during the first quarter. Great West Life Assurance Co. Can now owns 47,377 shares of the technology company’s stock valued at $2,285,000 after acquiring an additional 43,886 shares during the period. First Trust Advisors LP boosted its holdings in Shutterfly by 66.4% during the first quarter. First Trust Advisors LP now owns 32,520 shares of the technology company’s stock valued at $1,570,000 after acquiring an additional 12,971 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Shutterfly by 132.1% during the first quarter. BNP Paribas Arbitrage SA now owns 11,790 shares of the technology company’s stock valued at $569,000 after acquiring an additional 6,711 shares during the period. Finally, Comerica Bank bought a new stake in Shutterfly during the first quarter valued at about $1,927,000.
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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