Shutterfly, Inc. (NASDAQ:SFLY) CFO Michael W. Pope sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $736,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shutterfly, Inc. (NASDAQ SFLY) traded up 1.50% during trading on Tuesday, hitting $42.70. 936,232 shares of the stock were exchanged. The firm’s 50 day moving average price is $47.84 and its 200-day moving average price is $48.31. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 260.37 and a beta of 0.90. Shutterfly, Inc. has a 1-year low of $41.31 and a 1-year high of $53.99.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.01. The company had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 million. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.86) EPS. On average, analysts anticipate that Shutterfly, Inc. will post $0.42 EPS for the current year.

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SFLY has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, July 17th. SunTrust Banks, Inc. initiated coverage on shares of Shutterfly in a research note on Tuesday, August 15th. They issued a “buy” rating and a $56.00 target price for the company. Aegis reiterated a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a research note on Tuesday, October 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and an average price target of $53.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its holdings in shares of Shutterfly by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Shutterfly by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock valued at $656,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Shutterfly by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock valued at $836,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Shutterfly by 2.7% in the 2nd quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock valued at $224,000 after buying an additional 122 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Shutterfly by 1.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock valued at $449,000 after buying an additional 150 shares during the last quarter.

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.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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