Shutterfly, Inc. (SFLY) Receives $52.75 Average PT from Brokerages

Shutterfly, Inc. (NASDAQ:SFLY) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $52.75.

A number of research analysts have weighed in on SFLY shares. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Aegis reiterated a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a report on Tuesday, October 24th. Goldman Sachs Group reiterated a “neutral” rating and issued a $47.00 target price on shares of Shutterfly in a report on Wednesday, October 11th. Finally, SunTrust Banks started coverage on shares of Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 target price for the company.

In other news, VP Jason Sebring sold 644 shares of the stock in a transaction dated 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 at this link. Also, SVP Ishantha Lokuge sold 2,838 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $48.27, for a total transaction of $136,990.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,363 shares of company stock valued at $3,077,580. 0.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. increased its holdings in Shutterfly by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System increased its holdings in Shutterfly by 0.6% during the second quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock worth $836,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Shutterfly by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock worth $656,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank increased its holdings in Shutterfly by 2.7% during the second quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock worth $224,000 after buying an additional 122 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Shutterfly by 1.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock worth $449,000 after buying an additional 150 shares during the last quarter.

Shutterfly (NASDAQ:SFLY) traded up $1.06 during trading on Friday, hitting $45.51. 773,496 shares of the company’s stock were exchanged, compared to its average volume of 585,739. Shutterfly has a 12-month low of $39.76 and a 12-month high of $53.99. The company has a market capitalization of $1,459.41, a price-to-earnings ratio of 71.69 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The firm had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. During the same period last year, the firm earned ($0.86) earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts predict that Shutterfly will post 0.45 earnings per share for the current year.

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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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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