Insider Selling: Shutterfly, Inc. (SFLY) Director Sells 2,192 Shares of Stock
Shutterfly, Inc. (NASDAQ:SFLY) Director Thomas David Hughes sold 2,192 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $69.32, for a total transaction of $151,949.44. Following the completion of the transaction, the director now directly owns 7,816 shares in the company, valued at approximately $541,805.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shutterfly, Inc. (SFLY) traded down $1.60 on Friday, reaching $69.20. 1,291,354 shares of the company were exchanged, compared to its average volume of 1,810,423. The firm has a market cap of $2,286.63, a price-to-earnings ratio of 74.41 and a beta of 1.11. Shutterfly, Inc. has a 1-year low of $39.76 and a 1-year high of $74.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 1.40.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.25. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $2.63 EPS. analysts forecast that Shutterfly, Inc. will post 2.09 earnings per share for the current year.
A number of equities analysts have recently commented on SFLY shares. Aegis reissued a “buy” rating and issued a $73.00 target price on shares of Shutterfly in a research note on Sunday, February 4th. Goldman Sachs Group downgraded shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price on the stock. in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks raised their target price on shares of Shutterfly to $60.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, BidaskClub raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Shutterfly has an average rating of “Hold” and a consensus target price of $56.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Shutterfly by 4.0% during the 2nd quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after purchasing an additional 37,889 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Shutterfly by 33.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 578,988 shares of the technology company’s stock valued at $28,069,000 after purchasing an additional 146,055 shares during the last quarter. Bamco Inc. NY bought a new stake in Shutterfly in the 3rd quarter valued at about $36,360,000. Bank of Nova Scotia bought a new stake in Shutterfly in the 2nd quarter valued at about $1,188,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Shutterfly by 8.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock valued at $10,927,000 after purchasing an additional 18,114 shares during the last quarter.
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.
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