Shutterfly, Inc. (NASDAQ:SFLY) Director Thomas David Hughes sold 2,192 shares of the business’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 sale, the director now directly owns 7,816 shares in the company, valued at approximately $541,805.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Shutterfly, Inc. (SFLY) traded up $0.17 during mid-day trading on Wednesday, hitting $71.16. The stock had a trading volume of 409,300 shares, compared to its average volume of 1,437,776. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The company has a market cap of $2,292.76, a PE ratio of 76.52 and a beta of 1.11. Shutterfly, Inc. has a one year low of $39.76 and a one year high of $74.92.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The business had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. During the same period in the prior year, the business earned $2.63 EPS. Shutterfly’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts anticipate that Shutterfly, Inc. will post 2.09 EPS for the current year.
Shutterfly declared that its board has authorized a share repurchase program on Tuesday, January 30th that permits the company to buyback shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new position in Shutterfly during the 3rd quarter worth approximately $112,000. SG Americas Securities LLC acquired a new stake in shares of Shutterfly in the 3rd quarter valued at approximately $162,000. Buckhead Capital Management LLC acquired a new stake in shares of Shutterfly in the 4th quarter valued at approximately $204,000. Amalgamated Bank boosted its holdings in shares of Shutterfly by 2.7% in the 2nd quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock valued at $224,000 after buying an additional 122 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in Shutterfly during the 3rd quarter valued at $277,000.
Several equities research analysts have recently commented on SFLY shares. Aegis restated 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 upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks upped their price target on shares of Shutterfly to $60.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, BidaskClub upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and a consensus target price of $56.88.
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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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