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Shutterfly (NASDAQ:SFLY) CEO Jeffrey T. Housenbold sold 48,909 shares of Shutterfly stock on the open market in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.85, for a total value of $2,487,022.65. Following the completion of the sale, the chief executive officer now directly owns 329,000 shares in the company, valued at approximately $16,729,650. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

SFLY has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Shutterfly currently has an average rating of “Buy” and an average target price of $55.91.

Shares of 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 one year low of $41.16 and a one 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 P/E ratio of 210.83.

Shutterfly (NASDAQ:SFLY) last released its 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 last year, the company posted $1.40 earnings per share. Shutterfly’s revenue was up 16.8% compared to the same quarter last year. Analysts expect that Shutterfly will post $-0.35 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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