Insider Selling: John Boris Sells 6,187 Shares of Shutterfly Stock (SFLY)
Shutterfly (NASDAQ:SFLY) CMO John Boris sold 6,187 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.84, for a total transaction of $314,547.08. Following the sale, the chief marketing officer now directly owns 107,500 shares of the company’s stock, valued at approximately $5,465,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shutterfly (NASDAQ:SFLY) traded up 2.21% on Tuesday, hitting $51.72. The stock had a trading volume of 1,097,524 shares. Shutterfly has a 1-year low of $41.16 and a 1-year high of $59.93. The stock has a 50-day moving average of $46.61 and a 200-day moving average of $50.61. The company has a market cap of $1.978 billion and a price-to-earnings ratio of 210.83.
Shutterfly (NASDAQ:SFLY) last released its earnings data on Wednesday, February 5th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Shutterfly will post $-0.35 EPS for the current fiscal year.
A number of research firms have recently commented on SFLY. Analysts at Zacks downgraded shares of Shutterfly from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $51.00 price target on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Shutterfly from $62.00 to $60.00 in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.91.
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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