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Shutterfly (NASDAQ:SFLY)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a report issued on Thursday, AmericanBankingNews.com reports. They currently have a $53.00 price target on the stock. Raymond James’ price target suggests a potential upside of 30.80% from the stock’s previous close.

A number of other analysts have also recently weighed in on SFLY. 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 given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.08.

Shutterfly (NASDAQ:SFLY) traded down 1.00% on Thursday, hitting $40.52. The stock had a trading volume of 1,973,403 shares. Shutterfly has a 52-week low of $37.64 and a 52-week high of $59.93. The stock has a 50-day moving average of $43.42 and a 200-day moving average of $47.62. The company has a market cap of $1.549 billion and a price-to-earnings ratio of 170.54.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Wednesday, April 30th. The company reported ($0.89) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.94) by $0.05. The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $134.56 million. On average, analysts predict that Shutterfly will post $-0.35 earnings per share for the current fiscal year.

In other Shutterfly news, CEO Jeffrey Housenbold sold 39,979 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.17, for a total value of $1,685,914.43. Following the completion of the sale, the chief executive officer now directly owns 289,021 shares in the company, valued at approximately $12,188,016. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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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