Shutterfly (SFLY) Given Coverage Optimism Score of 0.10

Media headlines about Shutterfly (NASDAQ:SFLY) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shutterfly earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.3226726161451 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently commented on SFLY. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a research report on Friday, May 4th. Goldman Sachs Group upgraded Shutterfly from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $50.00 to $87.00 in a research report on Wednesday, May 2nd. ValuEngine upgraded Shutterfly from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. BidaskClub upgraded Shutterfly from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. Finally, SunTrust Banks boosted their price objective on Shutterfly to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. Shutterfly currently has an average rating of “Buy” and a consensus target price of $84.50.

NASDAQ:SFLY opened at $93.73 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.15 billion, a P/E ratio of 89.27 and a beta of 0.88. Shutterfly has a 12 month low of $39.76 and a 12 month high of $96.58.

Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, May 1st. The technology company reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.22. The company had revenue of $199.70 million for the quarter, compared to the consensus estimate of $192.02 million. Shutterfly had a return on equity of 7.80% and a net margin of 3.01%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.84) earnings per share. equities research analysts anticipate that Shutterfly will post 3.07 EPS for the current year.

Shutterfly announced that its board has approved a share repurchase program on Tuesday, January 30th that permits the company to repurchase outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other Shutterfly news, SVP Dwayne A. Black sold 3,351 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $93.28, for a total transaction of $312,581.28. Following the sale, the senior vice president now directly owns 22,886 shares in the company, valued at $2,134,806.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Satish Menon sold 3,980 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $94.76, for a total value of $377,144.80. Following the sale, the senior vice president now owns 28,980 shares in the company, valued at $2,746,144.80. The disclosure for this sale can be found here. Insiders sold 95,327 shares of company stock worth $8,110,810 over the last quarter. 1.30% of the stock is owned by company insiders.

Shutterfly Company Profile

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.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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