Insider Selling: Philip A. Marineau Sells 54,000 Shares of Shutterfly Stock (SFLY)
Shutterfly (NASDAQ:SFLY) Director Philip A. Marineau sold 54,000 shares of the stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $49.80, for a total transaction of $2,689,200.00. Following the completion of the sale, the director now directly owns 53,738 shares in the company, valued at approximately $2,676,152. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Shutterfly in a research note on Friday, June 27th. They now have a $44.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.00.
Shares of Shutterfly (NASDAQ:SFLY) traded down 0.42% on Thursday, hitting $49.79. The stock had a trading volume of 1,203,930 shares. 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 $41.5 and its 200-day moving average is $44.74. The company’s market cap is $1.918 billion. Shutterfly also was the recipient of some unusual options trading on Wednesday. Stock investors bought 10,709 call options on the company. This is an increase of 1,276% compared to the average volume of 778 call options.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results 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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