Shutterfly (NASDAQ:SFLY) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
Several other analysts also recently weighed in on the stock. ValuEngine upgraded shares of Shutterfly from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks dropped their target price on shares of Shutterfly to $90.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, TheStreet downgraded shares of Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $90.80.
Shutterfly stock opened at $54.67 on Tuesday. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. The company has a market capitalization of $1.81 billion, a P/E ratio of 52.07, a P/E/G ratio of 0.78 and a beta of 1.34.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.42) by $0.22. Shutterfly had a negative net margin of 0.97% and a positive return on equity of 4.09%. The firm had revenue of $368.76 million during the quarter, compared to the consensus estimate of $377.54 million. During the same quarter last year, the firm earned ($0.78) EPS. The firm’s revenue for the quarter was up 88.7% on a year-over-year basis. On average, sell-side analysts expect that Shutterfly will post 3.15 EPS for the current year.
In other Shutterfly news, SVP Dwayne A. Black sold 3,352 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $73.37, for a total value of $245,936.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael W. Pope sold 17,458 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $58.60, for a total transaction of $1,023,038.80. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $1,025,500. The disclosure for this sale can be found here. Insiders sold a total of 56,222 shares of company stock valued at $3,731,954 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of SFLY. Advisors Preferred LLC boosted its position in Shutterfly by 116.6% in the 2nd quarter. Advisors Preferred LLC now owns 1,174 shares of the technology company’s stock valued at $106,000 after buying an additional 632 shares during the period. Fortis Advisors LLC purchased a new position in Shutterfly in the 2nd quarter valued at approximately $133,000. Denali Advisors LLC purchased a new position in Shutterfly in the 2nd quarter valued at approximately $189,000. CIBC Asset Management Inc purchased a new position in Shutterfly in the 2nd quarter valued at approximately $213,000. Finally, Highland Capital Management LP purchased a new position in Shutterfly in the 2nd quarter valued at approximately $225,000.
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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