Shutterfly, Inc. (NASDAQ:SFLY) – Investment analysts at SunTrust Banks issued their Q3 2017 earnings per share estimates for Shutterfly in a research report issued on Tuesday. SunTrust Banks analyst Y. Squali expects that the technology company will post earnings per share of ($0.79) for the quarter. SunTrust Banks currently has a “Buy” rating and a $56.00 target price on the stock. SunTrust Banks also issued estimates for Shutterfly’s Q4 2017 earnings at $2.89 EPS, FY2017 earnings at $0.50 EPS, FY2018 earnings at $1.49 EPS, FY2019 earnings at $1.80 EPS, FY2020 earnings at $2.07 EPS and FY2021 earnings at $2.27 EPS.

Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by $0.13. The company had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) EPS.

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A number of other equities research analysts also recently commented on SFLY. Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 target price (up previously from $46.00) on shares of Shutterfly in a research report on Wednesday, April 26th. Royal Bank Of Canada lifted their target price on shares of Shutterfly from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Aegis reaffirmed a “buy” rating and issued a $57.00 target price on shares of Shutterfly in a research report on Wednesday, April 26th. Cantor Fitzgerald lifted their target price on shares of Shutterfly from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.10.

Shares of Shutterfly (NASDAQ SFLY) opened at 45.64 on Friday. The firm’s 50 day moving average price is $47.42 and its 200 day moving average price is $48.17. Shutterfly has a 52-week low of $41.91 and a 52-week high of $53.99. The stock has a market cap of $1.52 billion, a P/E ratio of 278.29 and a beta of 0.85.

In related news, Director Betsy Rafael sold 1,060 shares of Shutterfly stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $47.76, for a total transaction of $50,625.60. Following the transaction, the director now owns 5,046 shares in the company, valued at approximately $240,996.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 1,662 shares of Shutterfly stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $49.86, for a total transaction of $82,867.32. Following the transaction, the director now owns 6,799 shares in the company, valued at approximately $338,998.14. The disclosure for this sale can be found here. Insiders have sold a total of 61,540 shares of company stock worth $3,016,780 in the last quarter. Corporate insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC purchased a new position in Shutterfly during the first quarter worth $116,000. First Trust Advisors LP boosted its position in Shutterfly by 66.4% in the first quarter. First Trust Advisors LP now owns 32,520 shares of the technology company’s stock worth $1,570,000 after buying an additional 12,971 shares during the period. Wedge Capital Management L L P NC boosted its position in Shutterfly by 21.6% in the first quarter. Wedge Capital Management L L P NC now owns 8,138 shares of the technology company’s stock worth $393,000 after buying an additional 1,446 shares during the period. Great West Life Assurance Co. Can boosted its position in Shutterfly by 1,257.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,377 shares of the technology company’s stock worth $2,285,000 after buying an additional 43,886 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Shutterfly by 6.7% in the first quarter. Canada Pension Plan Investment Board now owns 220,140 shares of the technology company’s stock worth $10,631,000 after buying an additional 13,900 shares during the period.

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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