Shutterfly, Inc. (NASDAQ:SFLY) CFO Michael W. Pope sold 35,000 shares of Shutterfly stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total value of $1,472,800.00. Following the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $736,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shutterfly, Inc. (NASDAQ SFLY) opened at 42.70 on Wednesday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 260.37 and a beta of 0.90. Shutterfly, Inc. has a 52 week low of $41.31 and a 52 week high of $53.99. The stock’s 50 day moving average price is $47.71 and its 200 day moving average price is $48.27.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.01. The company had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. Shutterfly’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.86) EPS. On average, analysts forecast that Shutterfly, Inc. will post $0.42 earnings per share for the current year.

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Several research firms have recently weighed in 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 report on Friday, July 28th. Aegis reiterated a “buy” rating and set a $56.00 target price on shares of Shutterfly in a research report on Tuesday, October 24th. 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 set a $47.00 price target on shares of Shutterfly in a research note on Wednesday, October 11th. Finally, BidaskClub lowered Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $53.50.

Hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia acquired a new stake in Shutterfly in the 2nd quarter valued at about $1,188,000. Great West Life Assurance Co. Can raised 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 purchasing an additional 1,840 shares in the last quarter. Cipher Capital LP raised its position in Shutterfly by 13.3% in the 2nd quarter. Cipher Capital LP now owns 90,770 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 10,626 shares in the last quarter. Legal & General Group Plc raised its position in Shutterfly by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 66,110 shares of the technology company’s stock valued at $3,140,000 after purchasing an additional 5,265 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Shutterfly by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 231,083 shares of the technology company’s stock valued at $11,159,000 after purchasing an additional 10,855 shares in the last quarter.

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.

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

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