Shutterfly, Inc. (NASDAQ:SFLY)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a research note issued to investors on Friday, August 4th. They currently have a $53.00 price target on the technology company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 13.54% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. TheStreet upgraded shares of Shutterfly from a “c” rating to a “b” rating in a research report on Monday, April 17th. Aegis restated a “buy” rating and set a $57.00 price objective on shares of Shutterfly in a research report on Wednesday, April 26th. Cantor Fitzgerald restated a “buy” rating and set a $57.00 price objective on shares of Shutterfly in a research report on Tuesday, May 16th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, July 17th. Finally, ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Shutterfly currently has an average rating of “Buy” and an average price target of $54.10.

Shutterfly (NASDAQ:SFLY) opened at 46.45 on Friday. The company has a 50-day moving average of $47.47 and a 200-day moving average of $48.19. Shutterfly has a one year low of $41.91 and a one year high of $53.99. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 283.23 and a beta of 0.85.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.55) by $0.13. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The business had revenue of $209.03 million during the quarter, compared to analysts’ expectations of $209.46 million. During the same quarter last year, the company earned ($0.48) EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Shutterfly will post $0.47 EPS for the current fiscal year.

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In other Shutterfly news, SVP Tracy Layney sold 21,750 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $48.60, for a total transaction of $1,057,050.00. Following the sale, the senior vice president now directly owns 43,500 shares of the company’s stock, valued at approximately $2,114,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 1,662 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $49.86, for a total transaction of $82,867.32. Following the sale, the director now directly owns 6,799 shares in the company, valued at $338,998.14. The disclosure for this sale can be found here. Insiders sold a total of 60,290 shares of company stock valued at $2,958,580 in the last quarter. Insiders own 5.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in Shutterfly by 21.6% in the first quarter. Wedge Capital Management L L P NC now owns 8,138 shares of the technology company’s stock valued at $393,000 after buying an additional 1,446 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Shutterfly by 1,257.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,377 shares of the technology company’s stock valued at $2,285,000 after buying an additional 43,886 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Shutterfly by 6.7% in the first quarter. Canada Pension Plan Investment Board now owns 220,140 shares of the technology company’s stock valued at $10,631,000 after buying an additional 13,900 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Shutterfly by 74.4% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 153,818 shares of the technology company’s stock valued at $7,427,000 after buying an additional 65,644 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in shares of Shutterfly during the first quarter valued at $305,000.

About Shutterfly

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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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