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Shutterfly (NASDAQ:SFLY) CEO Jeffrey T. Housenbold unloaded 39,979 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.17, for a total transaction of $1,685,914.43. Following the completion of the transaction, the chief executive officer now directly owns 289,021 shares of the company’s stock, valued at approximately $12,188,016. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shutterfly (NASDAQ:SFLY) opened at 42.36 on Wednesday. Shutterfly has a 52 week low of $39.11 and a 52 week high of $59.93. The stock has a 50-day moving average of $45.52 and a 200-day moving average of $48.12. The company has a market cap of $1.620 billion and a P/E ratio of 175.42.

Shutterfly (NASDAQ:SFLY) last announced its earnings results 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.

Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Shutterfly from a “neutral” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $52.00 price target on the stock, up previously from $47.00. Separately, analysts at Cowen and Company downgraded shares of Shutterfly from an “outperform” rating to an “underperform” rating in a research note on Tuesday, March 18th. They now have a $39.00 price target on the stock, down previously from $57.00. Finally, analysts at Zacks downgraded shares of Shutterfly from an “outperform” rating to a “neutral” rating in a research note on Friday, February 21st. They now have a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Shutterfly presently has a consensus rating of “Buy” and an average target price of $53.67.

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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