Shutterfly, Inc. (SFLY) Director Ann Mather Sells 1,662 Shares
Shutterfly, Inc. (NASDAQ:SFLY) Director Ann Mather sold 1,662 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $49.86, for a total value of $82,867.32. Following the sale, the director now owns 6,799 shares of the company’s stock, valued at $338,998.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) traded up 0.97% during mid-day trading on Wednesday, reaching $50.76. The company’s stock had a trading volume of 366,673 shares. Shutterfly, Inc. has a 1-year low of $41.91 and a 1-year high of $54.60. The firm has a market capitalization of $1.71 billion, a P/E ratio of 145.44 and a beta of 1.20. The company’s 50-day moving average is $50.63 and its 200 day moving average is $49.39.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported ($0.84) earnings per share for the quarter, topping the consensus estimate of ($1.03) by $0.19. The company had revenue of $191.97 million during the quarter, compared to the consensus estimate of $187.34 million. Shutterfly had a return on equity of 3.04% and a net margin of 1.40%. Shutterfly’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.85) earnings per share. On average, analysts expect that Shutterfly, Inc. will post $0.59 earnings per share for the current year.
Several analysts recently commented on SFLY shares. Cantor Fitzgerald dropped their price target on Shutterfly from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, February 2nd. Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Barclays PLC dropped their price target on Shutterfly from $48.00 to $44.00 and set an “equal weight” rating for the company in a research report on Thursday, February 2nd. Robert W. Baird reiterated a “neutral” rating and set a $50.00 price target (up from $47.00) on shares of Shutterfly in a research report on Saturday, April 29th. Finally, Royal Bank of Canada boosted their price target on Shutterfly from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Shutterfly has an average rating of “Hold” and a consensus target price of $53.50.
A number of institutional investors have recently added to or reduced their stakes in SFLY. Teachers Retirement System of The State of Kentucky bought a new position in Shutterfly during the first quarter valued at $483,000. Engine Capital Management LLC bought a new position in Shutterfly during the first quarter valued at $2,601,000. Park West Asset Management LLC increased its position in Shutterfly by 31.0% in the first quarter. Park West Asset Management LLC now owns 2,758,936 shares of the technology company’s stock valued at $133,229,000 after buying an additional 652,612 shares during the last quarter. Paloma Partners Management Co bought a new position in Shutterfly during the first quarter valued at $1,156,000. Finally, Gotham Asset Management LLC bought a new position in Shutterfly during the first quarter valued at $1,379,000. 99.44% of the stock is owned by institutional investors.
Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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