Shutterfly Target of Unusually High Options Trading (SFLY)
Shutterfly, Inc. (NASDAQ:SFLY) saw some unusual options trading activity on Thursday. Stock investors purchased 1,764 call options on the stock. This is an increase of 1,905% compared to the typical daily volume of 88 call options.
A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Aegis reissued a “buy” rating and set a $56.00 price objective on shares of Shutterfly in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $47.00 price objective on shares of Shutterfly in a report on Wednesday, October 11th. One 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.50.
Shutterfly (SFLY) opened at $47.03 on Friday. The firm has a market cap of $1,580.00, a PE ratio of 74.16 and a beta of 0.84. Shutterfly has a 1 year low of $39.76 and a 1 year high of $53.99.
In other Shutterfly news, VP Jason Sebring sold 644 shares of Shutterfly stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total transaction of $29,320.82. Following the sale, the chief accounting officer now directly owns 1,900 shares in the company, valued at $77,482. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,363 shares of company stock worth $3,077,580. 0.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. acquired a new position in shares of Shutterfly during the 3rd quarter worth about $112,000. Riverhead Capital Management LLC raised its position in shares of Shutterfly by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after purchasing an additional 931 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Shutterfly during the 2nd quarter worth about $119,000. SG Americas Securities LLC acquired a new position in shares of Shutterfly during the 3rd quarter worth about $162,000. Finally, Pinebridge Investments L.P. raised its position in shares of Shutterfly by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after purchasing an additional 60 shares during the last quarter.
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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