Insider Selling: John Boris Sells 6,103 Shares of Shutterfly Stock (SFLY)
Shutterfly (NASDAQ:SFLY) CMO John Boris sold 6,103 shares of Shutterfly stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $40.00, for a total transaction of $244,120.00. Following the sale, the chief marketing officer now directly owns 88,156 shares of the company’s stock, valued at approximately $3,526,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SFLY has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Shutterfly in a research note on Friday, May 2nd. They now have a $43.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Shutterfly in a research note on Thursday, May 1st. They now have a $53.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $53.80.
Shares of Shutterfly (NASDAQ:SFLY) traded up 1.80% during mid-day trading on Friday, hitting $40.82. 547,104 shares of the company’s stock traded hands. Shutterfly has a 52 week low of $36.30 and a 52 week high of $59.93. The stock’s 50-day moving average is $40.0 and its 200-day moving average is $45.86. The company’s market cap is $1.573 billion.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.89) earnings per share (EPS) for the quarter, beating the 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 $-0.21 earnings per share 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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