Shutterfly (NASDAQ:SFLY)‘s stock had its “buy” rating restated by equities research analysts at Aegis in a research report issued to clients and investors on Sunday, February 4th. They presently have a $73.00 price objective on the technology company’s stock. Aegis’ price target suggests a potential upside of 2.83% from the stock’s previous close.
The analysts wrote, “We maintain our Buy rating and increase our price target on the stock to $73. We keep Shutterfly on our list (here) of four SMID Internet stocks that could deliver FANG-like shareholder returns this year.””
Other research analysts also recently issued research reports about the company. BidaskClub raised Shutterfly from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Goldman Sachs Group downgraded shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Wednesday, January 17th. SunTrust Banks increased their price target on Shutterfly to $60.00 and gave the stock a “buy” rating in a report on Friday, January 12th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.88.
Shutterfly (SFLY) opened at $70.99 on Friday. The company has a market cap of $2,234.95, a price-to-earnings ratio of 62.91 and a beta of 1.11. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $74.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.25. The business had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. Shutterfly’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 earnings per share. equities research analysts predict that Shutterfly will post 2.09 EPS for the current year.
Shutterfly announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 30th that permits the company to repurchase shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, CAO Lisa Blackwood-Kapral sold 719 shares of Shutterfly stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.78, for a total transaction of $29,320.82. Following the completion of the sale, the chief accounting officer now owns 1,900 shares in the company, valued at approximately $77,482. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher North sold 170,000 shares of Shutterfly stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.76, for a total value of $11,519,200.00. Following the sale, the chief executive officer now owns 97,394 shares of the company’s stock, valued at approximately $6,599,417.44. The disclosure for this sale can be found here. In the last three months, insiders sold 196,003 shares of company stock valued at $12,620,221. 0.80% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in Shutterfly by 2.7% in the 2nd quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock worth $224,000 after purchasing an additional 122 shares during the period. Public Employees Retirement System of Ohio increased its stake in Shutterfly by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock worth $520,000 after purchasing an additional 237 shares during the period. Teachers Advisors LLC increased its stake in Shutterfly by 0.7% in the 2nd quarter. Teachers Advisors LLC now owns 102,839 shares of the technology company’s stock worth $4,885,000 after purchasing an additional 734 shares during the period. Profund Advisors LLC increased its stake in Shutterfly by 12.6% in the 2nd quarter. Profund Advisors LLC now owns 7,109 shares of the technology company’s stock worth $338,000 after purchasing an additional 793 shares during the period. Finally, Stifel Financial Corp increased its stake in Shutterfly by 12.1% in the 2nd quarter. Stifel Financial Corp now owns 10,611 shares of the technology company’s stock worth $504,000 after purchasing an additional 1,149 shares during the period.
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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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