Shutterfly (NASDAQ:SFLY) was downgraded by Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Wednesday, The Fly reports.

Several other equities research analysts also recently issued reports on SFLY. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Aegis restated a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a report on Wednesday, December 27th. Zacks Investment Research downgraded Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. SunTrust Banks increased their price target on Shutterfly to $60.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $54.00.

Shutterfly (NASDAQ:SFLY) opened at $52.62 on Wednesday. Shutterfly has a one year low of $39.76 and a one year high of $53.99. The firm has a market capitalization of $1,742.76, a PE ratio of 276.95 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, beating the 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 firm had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. During the same quarter in the prior year, the firm posted ($0.86) earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Shutterfly will post 0.45 earnings per share for the current fiscal year.

In related news, 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 transaction, the senior vice president now directly owns 7,162 shares in the company, valued at $349,863.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Satish Menon sold 25,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total value of $1,057,500.00. Following the transaction, the senior vice president now owns 38,221 shares of the company’s stock, valued at $1,616,748.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,165 shares of company stock valued at $2,923,685. 0.80% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SFLY. Russell Frank Co grew its holdings in shares of Shutterfly by 22.3% during the fourth quarter. Russell Frank Co now owns 261,884 shares of the technology company’s stock worth $11,736,000 after buying an additional 47,824 shares in the last quarter. Kalmar Investments Inc. DE acquired a new position in Shutterfly during the fourth quarter valued at approximately $30,215,000. Rice Hall James & Associates LLC boosted its position in Shutterfly by 73.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 335,300 shares of the technology company’s stock valued at $14,941,000 after purchasing an additional 142,471 shares during the last quarter. EastBay Asset Management LLC acquired a new position in Shutterfly during the fourth quarter valued at approximately $68,302,000. Finally, Rhumbline Advisers boosted its position in Shutterfly by 2.8% during the fourth quarter. Rhumbline Advisers now owns 47,469 shares of the technology company’s stock valued at $2,115,000 after purchasing an additional 1,285 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.

The Fly

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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