Shutterfly, Inc. (NASDAQ:SFLY) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.50.

Several brokerages recently weighed in on SFLY. SunTrust Banks downgraded shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price target for the company. in a research report on Monday. Raymond James downgraded shares of Shutterfly from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Goldman Sachs Group raised shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price target for the company in a research report on Tuesday. BidaskClub raised shares of Shutterfly from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 18th. Finally, Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

In other Shutterfly news, CEO Michael Meek sold 941 shares of Shutterfly stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $40.46, for a total value of $38,072.86. Following the completion of the sale, the chief executive officer now owns 3,081 shares of the company’s stock, valued at approximately $124,657.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher North sold 26,753 shares of Shutterfly stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the completion of the sale, the chief executive officer now directly owns 87,327 shares of the company’s stock, valued at approximately $4,194,315.81. The disclosure for this sale can be found here. Insiders have sold 39,636 shares of company stock valued at $1,955,945 in the last three months. 2.40% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Primecap Management Co. CA grew its position in Shutterfly by 2.7% in the 1st quarter. Primecap Management Co. CA now owns 5,007,582 shares of the technology company’s stock worth $203,508,000 after purchasing an additional 131,300 shares during the period. BlackRock Inc. grew its position in Shutterfly by 0.9% in the 1st quarter. BlackRock Inc. now owns 4,872,289 shares of the technology company’s stock worth $198,010,000 after purchasing an additional 44,190 shares during the period. Dimensional Fund Advisors LP grew its position in Shutterfly by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,196,035 shares of the technology company’s stock worth $48,152,000 after purchasing an additional 73,044 shares during the period. Renaissance Technologies LLC grew its position in Shutterfly by 87.2% in the 1st quarter. Renaissance Technologies LLC now owns 805,100 shares of the technology company’s stock worth $32,719,000 after purchasing an additional 375,000 shares during the period. Finally, Maverick Capital Ltd. grew its position in Shutterfly by 52.8% in the 1st quarter. Maverick Capital Ltd. now owns 764,135 shares of the technology company’s stock worth $31,054,000 after purchasing an additional 264,037 shares during the period.

Shares of SFLY stock traded down $0.16 during trading hours on Wednesday, hitting $50.56. 2,031,591 shares of the company’s stock traded hands, compared to its average volume of 983,990. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.58 and a beta of 1.21. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.13 and a current ratio of 1.20. Shutterfly has a 12-month low of $35.08 and a 12-month high of $98.50.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.53) by $0.06. The company had revenue of $324.68 million during the quarter, compared to the consensus estimate of $323.12 million. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The firm’s quarterly revenue was up 62.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.83) earnings per share. As a group, sell-side analysts forecast that Shutterfly will post 0.81 earnings per share for the current fiscal year.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home d├ęcor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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