Shares of Shutterfly, Inc. (NASDAQ:SFLY) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $52.75.
SFLY has been the subject of several recent research reports. Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Friday, July 28th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Aegis reaffirmed a “buy” rating and set a $56.00 price target on shares of Shutterfly in a report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Finally, BidaskClub raised Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th.
Shares of Shutterfly (NASDAQ SFLY) traded up $0.20 during midday trading on Monday, hitting $40.50. The company had a trading volume of 451,900 shares, compared to its average volume of 594,220. Shutterfly has a 52-week low of $39.76 and a 52-week high of $53.99. The firm has a market capitalization of $1,323.16, a P/E ratio of 65.00 and a beta of 0.85.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 million. During the same period last year, the company earned ($0.86) earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts anticipate that Shutterfly will post 0.45 earnings per share for the current fiscal year.
In other news, CFO Michael W. Pope sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total value of $1,472,800.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares in the company, valued at $736,400. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ishantha Lokuge sold 7,162 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $48.85, for a total value of $349,863.70. Following the completion of the transaction, the senior vice president now owns 7,162 shares of the company’s stock, valued at approximately $349,863.70. The disclosure for this sale can be found here. In the last three months, insiders sold 46,894 shares of company stock valued at $2,048,959. 5.70% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of Shutterfly in the third quarter valued at $112,000. Riverhead Capital Management LLC increased its position in shares of Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after buying an additional 931 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Shutterfly in the second quarter valued at $119,000. LS Investment Advisors LLC increased its position in shares of Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Shutterfly in the third quarter valued at $162,000.
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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