Shutterfly Inc. (NASDAQ:SFLY) SVP Satish Menon sold 25,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $50.24, for a total transaction of $1,256,000.00. Following the completion of the sale, the senior vice president now owns 64,372 shares of the company’s stock, valued at $3,234,049.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shutterfly Inc. (NASDAQ:SFLY) traded down 0.97% during mid-day trading on Wednesday, hitting $51.13. 9,579 shares of the stock traded hands. Shutterfly Inc. has a 52 week low of $35.91 and a 52 week high of $54.60. The firm has a market cap of $1.74 billion, a P/E ratio of 31.45 and a beta of 1.30. The firm’s 50-day moving average price is $46.83 and its 200-day moving average price is $48.15.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Wednesday, October 26th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating 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 net margin of 5.00% and a return on equity of 10.48%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.25) EPS. On average, equities analysts forecast that Shutterfly Inc. will post $0.63 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

A number of equities research analysts have issued reports on SFLY shares. Jefferies Group restated a “hold” rating and set a $55.00 price target on shares of Shutterfly in a report on Monday, August 15th. Barclays PLC upped their price target on shares of Shutterfly from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Needham & Company LLC upped their price target on shares of Shutterfly from $55.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. upped their price target on shares of Shutterfly from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Five 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 has an average rating of “Buy” and an average target price of $52.58.

A number of hedge funds have recently bought and sold shares of the stock. Oxford Asset Management increased its stake in Shutterfly by 39.7% in the second quarter. Oxford Asset Management now owns 296,153 shares of the company’s stock worth $13,804,000 after buying an additional 84,221 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Shutterfly by 0.8% in the second quarter. Rice Hall James & Associates LLC now owns 347,523 shares of the company’s stock worth $16,198,000 after buying an additional 2,637 shares in the last quarter. Boothbay Fund Management LLC increased its stake in Shutterfly by 6.0% in the first quarter. Boothbay Fund Management LLC now owns 46,560 shares of the company’s stock worth $2,159,000 after buying an additional 2,641 shares in the last quarter. BlackRock Group LTD increased its stake in Shutterfly by 82.8% in the first quarter. BlackRock Group LTD now owns 38,275 shares of the company’s stock worth $1,775,000 after buying an additional 17,332 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Shutterfly by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 61,644 shares of the company’s stock worth $2,873,000 after buying an additional 7,675 shares in the last quarter. 98.17% of the stock is owned by hedge funds and other institutional investors.

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About Shutterfly

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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