Shutterfly (NASDAQ:SFLY) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, December 29th.
A number of other equities research analysts also recently issued reports on the stock. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Aegis reissued a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Shutterfly currently has an average rating of “Hold” and an average target price of $54.00.
Shares of Shutterfly (NASDAQ SFLY) opened at $53.08 on Friday. The company has a market cap of $1,719.77, a PE ratio of 279.37 and a beta of 0.84. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $53.99.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business had revenue of $195.44 million for the quarter, compared to the consensus estimate of $191.65 million. During the same period in the prior year, the firm earned ($0.86) earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. analysts predict that Shutterfly will post 0.45 EPS for the current fiscal year.
In related news, SVP Ishantha Lokuge sold 2,838 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $48.27, for a total value of $136,990.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total transaction of $1,057,500.00. Following the completion of the sale, the senior vice president now directly owns 38,221 shares in the company, valued at $1,616,748.30. The disclosure for this sale can be found here. Insiders sold 71,003 shares of company stock worth $3,060,675 over the last ninety days. 0.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in Shutterfly by 4.0% in the second quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after purchasing an additional 37,889 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Shutterfly by 33.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 578,988 shares of the technology company’s stock valued at $28,069,000 after acquiring an additional 146,055 shares during the last quarter. Bamco Inc. NY bought a new position in Shutterfly during the third quarter valued at approximately $36,360,000. Bank of Nova Scotia bought a new position in Shutterfly during the second quarter valued at approximately $1,188,000. Finally, Schwab Charles Investment Management Inc. grew its position in Shutterfly by 8.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock valued at $10,927,000 after acquiring an additional 18,114 shares during the last quarter.
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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