BidaskClub Lowers Shutterfly (SFLY) to Hold

BidaskClub cut shares of Shutterfly (NASDAQ:SFLY) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other equities research analysts also recently weighed in on SFLY. Goldman Sachs Group raised Shutterfly from a sell rating to a neutral rating and raised their price target for the stock from $50.00 to $87.00 in a report on Wednesday, May 2nd. Zacks Investment Research raised Shutterfly from a hold rating to a strong-buy rating and set a $109.00 target price for the company in a report on Friday, May 4th. ValuEngine raised Shutterfly from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. SunTrust Banks lifted their target price on Shutterfly to $100.00 and gave the stock a buy rating in a report on Wednesday, May 2nd. Finally, Robert W. Baird lifted their target price on Shutterfly to $85.00 and gave the stock a neutral rating in a report on Friday, April 6th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $86.33.

Shares of Shutterfly opened at $94.76 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.58 and a quick ratio of 1.56. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 77.81 and a beta of 0.90. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $100.34.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.22. The business had revenue of $199.70 million during 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.84) earnings per share. equities analysts anticipate that Shutterfly will post 3.03 earnings per share for the current year.

In related news, VP Jason Sebring sold 3,125 shares of Shutterfly stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $93.90, for a total transaction of $293,437.50. Following the completion of the sale, the vice president now owns 3,125 shares of the company’s stock, valued at $293,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Layney sold 2,793 shares of Shutterfly stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $94.22, for a total value of $263,156.46. Following the sale, the senior vice president now directly owns 24,543 shares of the company’s stock, valued at approximately $2,312,441.46. The disclosure for this sale can be found here. Insiders have sold 129,161 shares of company stock valued at $11,783,212 in the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Shutterfly during the first quarter valued at approximately $1,877,000. Summit Trail Advisors LLC raised its position in Shutterfly by 10.5% during the first quarter. Summit Trail Advisors LLC now owns 24,646 shares of the technology company’s stock valued at $1,750,000 after acquiring an additional 2,337 shares in the last quarter. Principal Financial Group Inc. raised its position in Shutterfly by 1.8% during the first quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock valued at $20,662,000 after acquiring an additional 4,596 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in Shutterfly during the first quarter valued at approximately $21,938,000. Finally, Cubist Systematic Strategies LLC raised its position in Shutterfly by 13.6% during the first quarter. Cubist Systematic Strategies LLC now owns 11,187 shares of the technology company’s stock valued at $909,000 after acquiring an additional 1,342 shares in the last quarter.

About Shutterfly

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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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