Insider Selling: Peter Navin Unloads 21,996 Shares of Shutterfly Stock (SFLY)
Shutterfly (NASDAQ:SFLY) SVP Peter Navin unloaded 21,996 shares of the stock on the open market in a transaction dated Monday, February 24th. The shares were sold at an average price of $48.08, for a total value of $1,057,567.68. Following the completion of the sale, the senior vice president now directly owns 28,500 shares of the company’s stock, valued at approximately $1,370,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Shutterfly (NASDAQ:SFLY) traded up 2.21% on Tuesday, hitting $51.72. 1,097,524 shares of the company’s stock traded hands. Shutterfly has a 52 week low of $41.16 and a 52 week 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Shutterfly will post $-0.35 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SFLY shares. 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target 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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