Shutterfly, Inc. (SFLY) Given Consensus Recommendation of “Hold” by Brokerages

Shutterfly, Inc. (NASDAQ:SFLY) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.25.

A number of research firms recently weighed in on SFLY. Goldman Sachs Group lowered shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research report on Wednesday. SunTrust Banks lifted their price objective on shares of Shutterfly to $60.00 and gave the company a “buy” rating in a research report on Friday, January 12th. BidaskClub upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Aegis reiterated a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a research report on Tuesday, October 24th.

Shutterfly (NASDAQ SFLY) traded up $0.67 during trading hours on Friday, reaching $52.11. 394,509 shares of the company were exchanged, compared to its average volume of 553,579. Shutterfly has a 1 year low of $39.76 and a 1 year high of $53.88. The stock has a market cap of $1,688.91, a price-to-earnings ratio of 274.26 and a beta of 0.84.

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

In other Shutterfly news, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 38,221 shares of the company’s stock, valued at $1,616,748.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael W. Pope sold 35,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $736,400. The disclosure for this sale can be found here. In the last three months, insiders sold 61,003 shares of company stock valued at $2,573,821. 0.80% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Shutterfly by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock worth $137,902,000 after buying an additional 64,361 shares during the last quarter. EastBay Asset Management LLC raised its stake in shares of Shutterfly by 0.6% during the 2nd quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock worth $101,182,000 after buying an additional 12,470 shares during the last quarter. Fine Capital Partners L.P. raised its stake in shares of 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 worth $79,801,000 after buying an additional 272,200 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Shutterfly by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock worth $60,512,000 after buying an additional 3,360 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Shutterfly by 4.0% during the 2nd quarter. State Street Corp now owns 979,974 shares of the technology company’s stock worth $46,554,000 after buying an additional 37,889 shares during the last quarter.

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About Shutterfly

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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