Shutterfly CFO Sells $1,186,356 in Stock (SFLY)
Shutterfly (NASDAQ:SFLY) CFO Brian Regan sold 20,511 shares of the company’s stock on the open market in a transaction dated Thursday, September 19th. The shares were sold at an average price of $57.84, for a total value of $1,186,356.24. Following the completion of the sale, the chief financial officer now directly owns 122,250 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SFLY. Analysts at TheStreet upgraded shares of Shutterfly (NASDAQ:SFLY) to a “buy” rating in a research note to investors on Wednesday. They now have a $37.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Shutterfly (NASDAQ:SFLY) in a research note to investors on Wednesday, September 11th. They now have a $61.00 price target on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Shutterfly (NASDAQ:SFLY) in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock.
Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.20.
Shutterfly (NASDAQ:SFLY) traded down 1.25% during mid-day trading on Friday, hitting $57.62. 583,776 shares of the company’s stock traded hands. Shutterfly has a 52-week low of $25.18 and a 52-week high of $59.93. The stock has a 50-day moving average of $54.96 and a 200-day moving average of $50.18. The company has a market cap of $2.174 billion and a P/E ratio of 123.36.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.31) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.54) by $0.23. The company had revenue of $133.50 million for the quarter, compared to the consensus estimate of $122.02 million. During the same quarter last year, the company posted ($0.27) earnings per share. Shutterfly’s revenue was up 34.8% compared to the same quarter last year. Analysts expect that Shutterfly will post $0.27 EPS for the current fiscal year.
Shutterfly, Inc is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities.
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