Shutterfly, Inc. (SFLY) Receives Consensus Rating of “Hold” from Analysts
Shutterfly, Inc. (NASDAQ:SFLY) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.75.
A number of analysts have weighed in on SFLY shares. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Jefferies Group LLC reissued a “hold” rating and set a $53.00 target price on shares of Shutterfly in a report on Friday, August 4th. Zacks Investment Research cut shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub raised shares of Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Aegis reissued a “buy” rating and set a $56.00 target price on shares of Shutterfly in a report on Tuesday, October 24th.
In related news, CFO Michael W. Pope sold 35,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $42.08, for a total value of $1,472,800.00. Following the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $736,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction of $349,863.70. Following the completion of the sale, the senior vice president now directly owns 7,162 shares in the company, valued at approximately $349,863.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,894 shares of company stock worth $2,048,959. Corporate insiders own 5.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in shares of Shutterfly in the 3rd quarter worth about $112,000. Riverhead Capital Management LLC increased its holdings in shares of Shutterfly by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after acquiring an additional 931 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Shutterfly in the 2nd quarter worth about $119,000. LS Investment Advisors LLC increased its holdings in shares of Shutterfly by 132.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,648 shares during the period. Finally, Pinebridge Investments L.P. increased 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 worth $211,000 after acquiring an additional 60 shares during the period.
Shares of Shutterfly (SFLY) traded down $0.39 on Monday, reaching $40.64. The company’s stock had a trading volume of 353,036 shares, compared to its average volume of 931,180. The stock has a market cap of $1,347.12, a P/E ratio of 66.18 and a beta of 0.85. Shutterfly has a 1-year low of $40.47 and a 1-year high of $53.99.
Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.01. The company had revenue of $195.44 million for the quarter, compared to analysts’ expectations of $191.65 million. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.86) earnings per share. research analysts forecast that Shutterfly will post 0.45 earnings per share for the current year.
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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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