Traders Purchase High Volume of Put Options on Shutterfly (SFLY)
Shutterfly (NASDAQ:SFLY) was the target of unusually large options trading activity on Tuesday. Investors acquired 13,960 put options on the company, American Banking News reports. This is an increase of approximately 829% compared to the average daily volume of 1,502 put options.
SFLY has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Shutterfly to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a $37.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Shutterfly 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 initiated coverage on shares of Shutterfly in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Shutterfly currently has a consensus rating of “Buy” and a consensus target price of $54.20.
Shares of Shutterfly (NASDAQ:SFLY) traded down 3.31% on Tuesday, hitting $52.26. The stock had a trading volume of 1,740,122 shares. Shutterfly has a one year low of $25.18 and a one year high of $59.93. The stock’s 50-day moving average is $54.7 and its 200-day moving average is $49.78. The company has a market cap of $1.972 billion and a price-to-earnings ratio of 114.27.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.27) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.61) by $0.34. The company had revenue of $122.70 million for the quarter, compared to the consensus estimate of $117.95 million. During the same quarter last year, the company posted ($0.29) earnings per share. Shutterfly’s revenue was up 24.6% compared to the same quarter last year. Analysts expect that Shutterfly will post $0.28 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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