KeyCorp initiated coverage on shares of Shutterfly (NASDAQ:SFLY) in a report issued on Friday. The firm issued a sector weight rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Shutterfly from a hold rating to a buy rating in a report on Tuesday. SunTrust Banks dropped their target price on shares of Shutterfly to $90.00 and set a buy rating on the stock in a report on Wednesday, October 31st. TheStreet cut shares of Shutterfly from a b- rating to a c+ rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Shutterfly from a sell rating to a hold rating in a report on Monday, August 6th. Finally, BidaskClub upgraded shares of Shutterfly from a strong sell rating to a sell rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $90.80.

NASDAQ:SFLY traded down $0.32 during trading hours on Friday, hitting $57.67. The company had a trading volume of 691,502 shares, compared to its average volume of 954,740. The stock has a market cap of $1.94 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.34. Shutterfly has a 52 week low of $40.05 and a 52 week high of $100.34. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, beating the consensus estimate of ($2.42) by $0.22. The business had revenue of $368.76 million for the quarter, compared to analysts’ expectations of $377.54 million. Shutterfly had a negative net margin of 0.97% and a positive return on equity of 4.09%. The firm’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.78) earnings per share. On average, analysts expect that Shutterfly will post 3.15 EPS for the current fiscal year.

In other news, SVP Dwayne A. Black sold 3,352 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $73.37, for a total transaction of $245,936.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael W. Pope sold 17,458 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $58.60, for a total transaction of $1,023,038.80. Following the sale, the chief financial officer now owns 17,500 shares in the company, valued at approximately $1,025,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,222 shares of company stock worth $3,731,954. Company insiders own 0.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in SFLY. Legal & General Group Plc boosted its stake in Shutterfly by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 71,878 shares of the technology company’s stock worth $6,486,000 after purchasing an additional 4,681 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Shutterfly in the 2nd quarter worth about $1,821,000. Raymond James & Associates bought a new position in Shutterfly in the 2nd quarter worth about $1,297,000. Schwab Charles Investment Management Inc. boosted its stake in Shutterfly by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 243,607 shares of the technology company’s stock worth $21,932,000 after purchasing an additional 10,707 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Shutterfly by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock worth $20,662,000 after purchasing an additional 4,596 shares in the last quarter.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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