ValuEngine upgraded shares of Shutterfly, Inc. (NASDAQ:SFLY) from a sell rating to a hold rating in a research note released on Friday morning.

Several other brokerages have also issued reports on SFLY. Zacks Investment Research upgraded shares of Shutterfly from a hold rating to a strong-buy rating and set a $57.00 price target for the company in a research note on Friday, July 28th. TheStreet lowered shares of Shutterfly from a b- rating to a c+ rating in a research note on Tuesday, June 13th. BidaskClub lowered shares of Shutterfly from a hold rating to a sell rating in a research note on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $53.00 price objective on shares of Shutterfly in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $54.10.

Shares of Shutterfly (NASDAQ:SFLY) traded down 0.82% during trading on Friday, reaching $47.45. The company’s stock had a trading volume of 470,097 shares. The stock’s 50 day moving average price is $46.45 and its 200-day moving average price is $48.21. The firm has a market cap of $1.58 billion, a PE ratio of 289.33 and a beta of 0.89. Shutterfly has a 12 month low of $41.91 and a 12 month high of $53.99.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The company had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. During the same quarter in the previous year, the business earned ($0.48) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Shutterfly will post $0.47 EPS for the current year.

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In other Shutterfly news, VP Jason Sebring sold 644 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the transaction, the insider now directly owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. bought a new position in Shutterfly in the 1st quarter valued at $8,546,000. Great West Life Assurance Co. Can boosted its holdings 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 purchasing an additional 1,840 shares during the period. Pivot Point Capital Partners LLC bought a new position in Shutterfly in the 1st quarter valued at $3,998,000. Karp Capital Management Corp bought a new position in Shutterfly in the 1st quarter valued at $458,000. Finally, Koch Industries Inc. bought a new position in Shutterfly in the 1st quarter valued at $259,000.

Shutterfly Company Profile

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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