Shutterfly, Inc. (SFLY) Raised to Hold at ValuEngine
Shutterfly, Inc. (NASDAQ:SFLY) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
A number of other research firms have also recently weighed in on SFLY. Jefferies Group LLC restated a “hold” rating and set a $53.00 price objective on shares of Shutterfly in a research report on Friday, August 4th. TheStreet cut shares of Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research cut shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They set a “buy” rating and a $56.00 price objective for the company. One research 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 has an average rating of “Hold” and a consensus price target of $54.10.
Shutterfly (NASDAQ:SFLY) opened at 47.84 on Friday. Shutterfly has a 1-year low of $41.91 and a 1-year high of $53.99. The company’s 50-day moving average is $46.45 and its 200 day moving average is $48.21. The stock has a market capitalization of $1.60 billion, a PE ratio of 291.71 and a beta of 0.89.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.13). The company had revenue of $209.03 million for the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.48) earnings per share. Equities analysts predict that Shutterfly will post $0.47 earnings per share for the current year.
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In other news, VP Jason Sebring sold 644 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the sale, the insider now owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in shares of Shutterfly in the first quarter valued at about $8,546,000. Great West Life Assurance Co. Can grew its holdings in shares of Shutterfly by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 49,217 shares of the technology company’s stock valued at $2,336,000 after purchasing an additional 1,840 shares during the period. Pivot Point Capital Partners LLC purchased a new stake in shares of Shutterfly in the first quarter valued at about $3,998,000. Karp Capital Management Corp purchased a new stake in shares of Shutterfly in the first quarter valued at about $458,000. Finally, Koch Industries Inc. purchased a new stake in shares of Shutterfly in the first quarter valued at about $259,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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