Shutterfly Inc. (NASDAQ:SFLY) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,275,073 shares, an increase of 29.5% from the October 14th total of 2,528,728 shares. Based on an average trading volume of 1,029,745 shares, the short-interest ratio is presently 3.2 days. Approximately 10.3% of the shares of the company are sold short.

In other news, CFO Michael W. Pope sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $47.91, for a total transaction of $1,676,850.00. Following the transaction, the chief financial officer now directly owns 17,500 shares in the company, valued at $838,425. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ishantha Lokuge sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $43.31, for a total transaction of $324,825.00. Following the transaction, the senior vice president now owns 3,930 shares in the company, valued at $170,208.30. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. KCG Holdings Inc. bought a new position in shares of Shutterfly during the third quarter worth approximately $428,000. Principal Financial Group Inc. increased its position in shares of Shutterfly by 1.1% in the third quarter. Principal Financial Group Inc. now owns 7,157 shares of the company’s stock worth $319,000 after buying an additional 80 shares during the last quarter. Princeton Alpha Management LP increased its position in shares of Shutterfly by 114.9% in the third quarter. Princeton Alpha Management LP now owns 13,271 shares of the company’s stock worth $592,000 after buying an additional 7,095 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Shutterfly during the third quarter worth approximately $4,828,000. Finally, California State Teachers Retirement System increased its position in shares of Shutterfly by 1.0% in the third quarter. California State Teachers Retirement System now owns 73,162 shares of the company’s stock worth $3,266,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Shutterfly (NASDAQ:SFLY) opened at 49.99 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 30.74 and a beta of 1.30. Shutterfly has a 12 month low of $35.91 and a 12 month high of $54.60. The stock has a 50 day moving average price of $45.71 and a 200-day moving average price of $47.95.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, October 26th. The company reported ($0.86) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.06. The firm earned $187.30 million during the quarter, compared to the consensus estimate of $183.59 million. Shutterfly had a return on equity of 10.48% and a net margin of 5.00%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.25) EPS. On average, analysts expect that Shutterfly will post $0.64 EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “buy” rating and set a $52.00 target price on shares of Shutterfly in a research report on Monday, July 25th. Jefferies Group reaffirmed a “hold” rating and set a $55.00 price target on shares of Shutterfly in a report on Monday, August 15th. Axiom Securities downgraded Shutterfly from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a report on Wednesday, July 20th. Barclays PLC increased their price target on Shutterfly from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Finally, Needham & Company LLC increased their price target on Shutterfly from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.58.

Shutterfly Company Profile

Shutterfly, Inc is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products.

5 Day Chart for NASDAQ:SFLY

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