Shutterfly, Inc. (SFLY) Given Average Rating of “Hold” by Brokerages
Shares of Shutterfly, Inc. (NASDAQ:SFLY) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $52.78.
A number of brokerages recently commented on SFLY. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Friday, July 28th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $47.00 target price on shares of Shutterfly in a research note on Wednesday. BidaskClub lowered Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research note on Friday, August 4th.
In other Shutterfly news, VP Jason Sebring sold 644 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the transaction, the insider now owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Shutterfly during the second quarter worth $915,000. Public Employees Retirement System of Ohio raised its stake in Shutterfly by 2.2% during the second quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock worth $520,000 after acquiring an additional 237 shares in the last quarter. EastBay Asset Management LLC raised its stake in Shutterfly by 0.6% during the second quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock worth $101,182,000 after acquiring an additional 12,470 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Shutterfly during the second quarter worth $347,000. Finally, Bank of Nova Scotia acquired a new position in Shutterfly during the second quarter worth $1,188,000.
Shutterfly (SFLY) traded up 0.46% during mid-day trading on Thursday, reaching $48.48. 114,779 shares of the company’s stock traded hands. The stock has a market capitalization of $1.62 billion, a PE ratio of 295.61 and a beta of 0.90. Shutterfly has a 12 month low of $41.91 and a 12 month high of $53.99. The firm’s 50-day moving average price is $47.35 and its 200 day moving average price is $48.41.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share 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 the consensus estimate of $209.46 million. During the same period in the prior year, the company posted ($0.48) earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Shutterfly will post $0.41 EPS for the current year.
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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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