Shutterfly (NASDAQ:SFLY) was downgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $46.00 price objective on the technology company’s stock. Goldman Sachs Group’s price objective points to a potential downside of 12.58% from the company’s previous close.

SFLY has been the topic of several other research reports. Aegis reissued a “buy” rating and set a $57.00 price objective on shares of Shutterfly in a report on Wednesday, December 27th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks raised their target price on Shutterfly to $60.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. BidaskClub raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Shutterfly presently has an average rating of “Hold” and a consensus target price of $54.00.

Shares of Shutterfly (SFLY) traded down $0.46 during mid-day trading on Wednesday, hitting $52.62. The company’s stock had a trading volume of 478,700 shares, compared to its average volume of 762,590. The firm has a market cap of $1,720.00, a P/E ratio of -1,052.40 and a beta of 0.84. Shutterfly has a 52-week low of $39.76 and a 52-week high of $53.99.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The company had revenue of $195.44 million for the quarter, compared to the consensus estimate of $191.65 million. During the same quarter last year, the business posted ($0.86) EPS. Shutterfly’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts expect that Shutterfly will post 0.45 earnings per share for the current fiscal year.

In other news, SVP Ishantha Lokuge sold 7,162 shares of Shutterfly stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $48.85, for a total value of $349,863.70. Following the completion of the transaction, the senior vice president now directly owns 7,162 shares of the company’s stock, valued at approximately $349,863.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $40.78, for a total value of $29,320.82. Following the completion of the sale, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at $77,482. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,165 shares of company stock valued at $2,923,685. Corporate insiders own 0.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of SFLY. Bamco Inc. NY bought a new stake in Shutterfly in the 3rd quarter valued at about $36,360,000. SQN Investors LP acquired a new position in Shutterfly during the 2nd quarter valued at about $16,275,000. Rice Hall James & Associates LLC boosted its stake in Shutterfly by 70.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 801,520 shares of the technology company’s stock valued at $38,858,000 after purchasing an additional 332,434 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Shutterfly during the 2nd quarter valued at about $15,594,000. Finally, Fine Capital Partners L.P. boosted its stake in Shutterfly by 19.8% during the 3rd quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock valued at $79,801,000 after purchasing an additional 272,200 shares during the last quarter.

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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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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