BidaskClub downgraded shares of Shutterfly (NASDAQ:SFLY) from a hold rating to a sell rating in a report published on Saturday, BidAskClub reports.

SFLY has been the subject of a number of other reports. Goldman Sachs Group raised shares of Shutterfly from a sell rating to a neutral rating and set a $45.00 price target for the company in a report on Tuesday, June 11th. ValuEngine upgraded shares of Shutterfly from a hold rating to a buy rating in a report on Thursday, August 8th. Aegis lowered shares of Shutterfly from a buy rating to a hold rating in a research report on Monday, June 17th. SunTrust Banks cut shares of Shutterfly from a buy rating to a hold rating and set a $57.00 target price for the company. in a research note on Monday, June 10th. Finally, Zacks Investment Research raised Shutterfly from a hold rating to a buy rating and set a $53.00 target price on the stock in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $53.83.

NASDAQ SFLY opened at $50.93 on Friday. The stock has a 50-day simple moving average of $50.78 and a 200 day simple moving average of $46.87. Shutterfly has a twelve month low of $35.08 and a twelve month high of $74.24. The stock has a market capitalization of $1.75 billion, a PE ratio of 16.70 and a beta of 1.24. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.22 and a current ratio of 1.30.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.23) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.23). Shutterfly had a return on equity of 4.37% and a net margin of 0.36%. The company had revenue of $473.42 million for the quarter, compared to the consensus estimate of $475.09 million. As a group, equities research analysts forecast that Shutterfly will post 0.8 EPS for the current fiscal year.

In other news, insider Scott Arnold sold 12,543 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.59, for a total value of $634,550.37. Following the sale, the insider now directly owns 12,543 shares in the company, valued at approximately $634,550.37. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tracy Layney sold 21,750 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $50.53, for a total value of $1,099,027.50. Following the completion of the transaction, the senior vice president now directly owns 21,750 shares of the company’s stock, valued at $1,099,027.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,465 shares of company stock valued at $1,944,431. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SFLY. Cerebellum GP LLC bought a new stake in shares of Shutterfly in the 1st quarter worth about $320,000. Quantamental Technologies LLC acquired a new stake in shares of Shutterfly during the second quarter worth approximately $168,000. California Public Employees Retirement System raised its stake in shares of Shutterfly by 53.9% in the first quarter. California Public Employees Retirement System now owns 117,522 shares of the technology company’s stock valued at $4,776,000 after acquiring an additional 41,152 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Shutterfly by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,014 shares of the technology company’s stock valued at $529,000 after acquiring an additional 235 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Shutterfly in the 2nd quarter worth approximately $9,214,000.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home d├ęcor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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