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Shutterfly (NASDAQ:SFLY) COO Dan Mccormick sold 2,919 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $45.39, for a total transaction of $132,493.41. Following the completion of the sale, the chief operating officer now directly owns 52,500 shares of the company’s stock, valued at approximately $2,382,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Shutterfly (NASDAQ:SFLY) traded down 1.29% during mid-day trading on Friday, hitting $43.72. The stock had a trading volume of 2,225,521 shares. Shutterfly has a 1-year low of $40.00 and a 1-year high of $59.93. The stock has a 50-day moving average of $47.64 and a 200-day moving average of $51.48. The company has a market cap of $1.663 billion and a P/E ratio of 92.85.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.03. The company had revenue of $410.80 million for the quarter, compared to the consensus estimate of $405.97 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Shutterfly will post $0.33 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on SFLY shares. Analysts at Zacks reiterated an “outperform” rating on shares of Shutterfly in a research note to investors on Thursday. They now have a $60.00 price target on the stock. Separately, analysts at Cantor Fitzgerald cut their price target on shares of Shutterfly from $62.00 to $60.00 in a research note to investors on Thursday. Finally, analysts at Barclays downgraded shares of Shutterfly from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 13th. They now have a $50.00 price target on the stock, down previously from $62.00. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.73.

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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