Shares of Shutterfly, Inc. (NASDAQ:SFLY) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $86.33.
SFLY has been the subject of a number of recent research reports. BidaskClub upgraded Shutterfly from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Robert W. Baird lifted their price objective on Shutterfly to $85.00 and gave the company a “neutral” rating in a research note on Friday, April 6th. Goldman Sachs Group upgraded Shutterfly from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $87.00 in a research note on Wednesday, May 2nd. Finally, SunTrust Banks lifted their price target on Shutterfly to $100.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd.
In related news, Director Ann Mather sold 1,435 shares of Shutterfly stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $97.25, for a total value of $139,553.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Boris sold 23,907 shares of Shutterfly stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $79.39, for a total value of $1,897,976.73. Following the completion of the transaction, the senior vice president now owns 7,500 shares of the company’s stock, valued at approximately $595,425. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,161 shares of company stock valued at $11,783,212. 1.30% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC acquired a new stake in Shutterfly in the 4th quarter worth about $1,194,000. Gardner Lewis Asset Management L P boosted its holdings in Shutterfly by 21.3% in the 4th quarter. Gardner Lewis Asset Management L P now owns 31,308 shares of the technology company’s stock worth $1,558,000 after buying an additional 5,493 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Shutterfly in the 4th quarter worth about $357,000. Quadrature Capital Ltd acquired a new stake in Shutterfly in the 4th quarter worth about $844,000. Finally, California Public Employees Retirement System boosted its holdings in Shutterfly by 6.5% in the 4th quarter. California Public Employees Retirement System now owns 79,098 shares of the technology company’s stock worth $3,935,000 after buying an additional 4,799 shares during the last quarter.
Shares of NASDAQ SFLY traded down $0.31 during trading on Tuesday, reaching $92.25. 396,000 shares of the company traded hands, compared to its average volume of 973,112. The firm has a market capitalization of $3.14 billion, a P/E ratio of 87.86 and a beta of 0.90. Shutterfly has a 12-month low of $39.76 and a 12-month high of $100.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.56 and a current ratio of 1.58.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.22. The business had revenue of $199.70 million during the quarter, compared to analyst estimates of $192.02 million. Shutterfly had a return on equity of 7.80% and a net margin of 3.01%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.84) EPS. analysts forecast that Shutterfly will post 3.03 earnings per share for the current year.
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
Receive News & Ratings for Shutterfly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterfly and related companies with MarketBeat.com's FREE daily email newsletter.