Jason Sebring Sells 644 Shares of Shutterfly, Inc. (SFLY) Stock
Shutterfly, Inc. (NASDAQ:SFLY) VP Jason Sebring sold 644 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $48.30, for a total transaction of $31,105.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shutterfly, Inc. (SFLY) traded down 0.324% on Friday, hitting $47.685. 171,193 shares of the stock traded hands. The stock has a 50-day moving average price of $46.45 and a 200 day moving average price of $48.22. The stock has a market cap of $1.59 billion, a P/E ratio of 290.762 and a beta of 0.89. Shutterfly, Inc. has a 12-month low of $41.91 and a 12-month high of $53.99.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (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 firm had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. During the same period in the prior year, the business earned ($0.48) earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Shutterfly, Inc. will post $0.47 EPS for the current fiscal year.
Several equities research analysts recently weighed in on SFLY shares. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, June 28th. BidaskClub cut shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet cut shares of Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Shutterfly has a consensus rating of “Hold” and an average target price of $54.10.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new stake in Shutterfly in the 1st quarter valued at about $8,546,000. Great West Life Assurance Co. Can increased its position in Shutterfly by 3.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 49,217 shares of the technology company’s stock valued at $2,336,000 after acquiring an additional 1,840 shares in the last quarter. Pivot Point Capital Partners LLC acquired a new stake in Shutterfly in the 1st quarter valued at about $3,998,000. Karp Capital Management Corp acquired a new stake in Shutterfly in the 1st quarter valued at about $458,000. Finally, Koch Industries Inc. acquired a new stake in Shutterfly in the 1st quarter valued at about $259,000.
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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