Shutterfly, Inc. (NASDAQ:SFLY) SVP Dwayne A. Black sold 16,102 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $85.29, for a total value of $1,373,339.58. Following the transaction, the senior vice president now directly owns 43,975 shares of the company’s stock, valued at $3,750,627.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shutterfly, Inc. (NASDAQ:SFLY) traded down $0.81 during mid-day trading on Monday, hitting $84.92. The stock had a trading volume of 881,383 shares, compared to its average volume of 1,289,127. Shutterfly, Inc. has a 1 year low of $39.76 and a 1 year high of $86.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 1.40. The company has a market cap of $2,787.68, a price-to-earnings ratio of 77.94 and a beta of 0.93.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The firm had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. During the same period last year, the company posted $2.63 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts forecast that Shutterfly, Inc. will post 2.09 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of SFLY. Bamco Inc. NY bought a new position in shares of Shutterfly in the 3rd quarter worth about $36,360,000. Wells Fargo & Company MN raised its position in shares of Shutterfly by 430.8% in the 4th quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock worth $19,653,000 after acquiring an additional 320,604 shares in the last quarter. Fine Capital Partners L.P. raised its position in shares of Shutterfly by 19.8% in 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 acquiring an additional 272,200 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Shutterfly in the 4th quarter worth about $9,788,000. Finally, Prudential Financial Inc. raised its position in shares of Shutterfly by 271.4% in the 3rd quarter. Prudential Financial Inc. now owns 236,281 shares of the technology company’s stock worth $11,455,000 after acquiring an additional 172,660 shares in the last quarter.
SFLY has been the subject of several analyst reports. Aegis reaffirmed a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research report on Wednesday, December 27th. BidaskClub raised Shutterfly from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. 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. Goldman Sachs Group lowered Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Wednesday, January 17th. Finally, ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $56.88.
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.
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