Shutterfly, Inc. (NASDAQ:SFLY) SVP Scott Arnold sold 52,017 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $89.65, for a total value of $4,663,324.05. Following the completion of the sale, the senior vice president now owns 12,543 shares in the company, valued at $1,124,479.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shutterfly opened at $89.78 on Thursday, MarketBeat Ratings reports. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 85.50 and a beta of 0.98. Shutterfly, Inc. has a twelve month low of $39.76 and a twelve month high of $100.34.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.22. Shutterfly had a return on equity of 7.80% and a net margin of 3.01%. The company had revenue of $199.70 million during the quarter, compared to analyst estimates of $192.02 million. During the same quarter in the previous year, the firm earned ($0.84) earnings per share. Shutterfly’s revenue was up 4.0% on a year-over-year basis. sell-side analysts expect that Shutterfly, Inc. will post 3.03 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of SFLY. O Shaughnessy Asset Management LLC purchased a new position in shares of Shutterfly during the first quarter worth about $187,000. Element Capital Management LLC purchased a new position in shares of Shutterfly during the first quarter worth about $207,000. Xact Kapitalforvaltning AB purchased a new position in shares of Shutterfly during the fourth quarter worth about $216,000. DRW Securities LLC purchased a new position in shares of Shutterfly during the first quarter worth about $227,000. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of Shutterfly by 13.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock worth $301,000 after purchasing an additional 714 shares in the last quarter.
A number of research analysts have weighed in on SFLY shares. SunTrust Banks lifted their target price on Shutterfly to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. BidaskClub lowered Shutterfly from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Goldman Sachs Group raised Shutterfly from a “sell” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $87.00 in a report on Wednesday, May 2nd. Finally, Robert W. Baird lifted their target price on Shutterfly to $85.00 and gave the company a “neutral” rating in a report on Friday, April 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.33.
Shutterfly Company Profile
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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