Shutterfly, Inc. (SFLY) Receives Average Rating of “Hold” from Brokerages
Shutterfly, Inc. (NASDAQ:SFLY) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $52.75.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. SunTrust Banks assumed coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They set a “buy” rating and a $56.00 price objective on the stock. Finally, Jefferies Group restated a “hold” rating and set a $53.00 price objective on shares of Shutterfly in a research report on Friday, August 4th.
In related news, CAO Lisa Blackwood-Kapral sold 719 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total transaction of $29,320.82. Following the completion of the transaction, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at $77,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $48.85, for a total transaction of $349,863.70. Following the transaction, the senior vice president now directly owns 7,162 shares of the company’s stock, valued at $349,863.70. The disclosure for this sale can be found here. Insiders have sold 71,363 shares of company stock valued at $3,077,580 over the last ninety days. 0.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SFLY. Bessemer Group Inc. purchased a new position in shares of Shutterfly in the 3rd quarter worth $112,000. Riverhead Capital Management LLC grew its stake in shares of Shutterfly by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after buying an additional 931 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Shutterfly in the 2nd quarter worth $119,000. LS Investment Advisors LLC grew its stake in shares of Shutterfly by 132.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after buying an additional 1,648 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Shutterfly in the 3rd quarter worth $162,000.
Shutterfly (NASDAQ SFLY) traded down $0.45 on Friday, reaching $44.18. 314,900 shares of the company’s stock traded hands, compared to its average volume of 585,577. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $53.99. The company has a market capitalization of $1,450.00, a P/E ratio of 70.89 and a beta of 0.85.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business had revenue of $195.44 million for the quarter, compared to the consensus estimate of $191.65 million. During the same period last year, the firm earned ($0.86) earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. analysts predict that Shutterfly will post 0.45 earnings per share for the current year.
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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.
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