Shares of Shutterfly, Inc. (NASDAQ:SFLY) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $56.86.
A number of equities research analysts have weighed in on the stock. Aegis restated a “buy” rating and issued a $73.00 price objective on shares of Shutterfly in a report on Sunday, February 4th. BidaskClub upgraded shares of 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 on the stock. in a research note on Wednesday, January 17th. SunTrust Banks upped their target price on shares of Shutterfly to $60.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.
In other Shutterfly news, SVP Satish Menon sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total value of $1,057,500.00. Following the transaction, the senior vice president now directly owns 38,221 shares in the company, valued at $1,616,748.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher North sold 170,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total transaction of $11,519,200.00. Following the completion of the transaction, the chief executive officer now owns 97,394 shares in the company, valued at $6,599,417.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,716 shares of company stock worth $13,144,159. 0.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new position in Shutterfly in the fourth quarter worth approximately $751,000. Vident Investment Advisory LLC bought a new position in Shutterfly in the fourth quarter worth approximately $566,000. PEAK6 Investments L.P. bought a new position in Shutterfly in the fourth quarter worth approximately $755,000. Millennium Management LLC raised its position in Shutterfly by 360.3% in the fourth quarter. Millennium Management LLC now owns 39,857 shares of the technology company’s stock worth $1,983,000 after acquiring an additional 31,199 shares during the period. Finally, Engine Capital Management LLC bought a new position in Shutterfly in the fourth quarter worth approximately $5,498,000.
Shutterfly (NASDAQ SFLY) traded up $0.79 during midday trading on Wednesday, hitting $75.03. 763,700 shares of the stock were exchanged, compared to its average volume of 1,454,373. Shutterfly has a 52 week low of $39.76 and a 52 week high of $75.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38. The company has a market cap of $2,423.24, a P/E ratio of 68.21 and a beta of 1.11.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business had revenue of $593.80 million during the quarter, compared to the consensus estimate of $556.40 million. During the same period in the previous year, the firm posted $2.63 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts predict that Shutterfly will post 2.09 earnings per share for the current fiscal year.
Shutterfly declared that its Board of Directors has authorized a share buyback plan on Tuesday, January 30th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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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