Insider Selling: Shutterfly Director Sells 400 Shares of Stock (SFLY)
Shutterfly (NASDAQ:SFLY) Director Philip A. Marineau sold 400 shares of Shutterfly stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $48.90, for a total transaction of $19,560.00. Following the completion of the sale, the director now directly owns 53,738 shares in the company, valued at approximately $2,627,788. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $51.88.
Shares of Shutterfly (NASDAQ:SFLY) traded up 0.21% on Wednesday, hitting $47.67. 450,996 shares of the company’s stock traded hands. Shutterfly has a 52-week low of $36.30 and a 52-week high of $58.83. The stock has a 50-day moving average of $46.40 and a 200-day moving average of $44.73. The company’s market cap is $1.831 billion.
Shutterfly (NASDAQ:SFLY) last released its earnings data on Wednesday, July 30th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.04. The company had revenue of $159.10 million for the quarter, compared to the consensus estimate of $156.95 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Analysts expect that Shutterfly will post $-0.17 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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