Shutterfly (SFLY) Receives Daily Coverage Optimism Score of 0.23

Media headlines about Shutterfly (NASDAQ:SFLY) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shutterfly earned a news impact score of 0.23 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.4326518089306 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

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SFLY has been the topic of several research analyst reports. Goldman Sachs lowered Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 17th. SunTrust Banks raised their target price on Shutterfly to $60.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Aegis restated a “buy” rating and issued a $57.00 target price on shares of Shutterfly in a research report on Wednesday, December 27th. BidaskClub upgraded Shutterfly from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Zacks Investment Research downgraded Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.25.

NASDAQ SFLY opened at $83.19 on Thursday. The company has a market capitalization of $2,716.79, a PE ratio of 79.23 and a beta of 0.88. Shutterfly has a 1-year low of $39.76 and a 1-year high of $86.41. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.25. The business had revenue of $593.80 million for the quarter, compared to the consensus estimate of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 earnings per share. research analysts predict that Shutterfly will post 2.07 earnings per share for the current fiscal year.

Shutterfly declared that its Board of Directors has approved a share buyback program on Tuesday, January 30th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

In related news, CEO Christopher North sold 170,000 shares of Shutterfly 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 transaction, the chief executive officer now owns 97,394 shares in the company, valued at $6,599,417.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dwayne A. Black sold 16,102 shares of Shutterfly stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $85.29, for a total value of $1,373,339.58. Following the transaction, the senior vice president now owns 43,975 shares in the company, valued at approximately $3,750,627.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 294,978 shares of company stock worth $21,319,154. 0.80% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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