A number of other analysts have also weighed in on the stock. Aegis reissued a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a report on Tuesday, April 30th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Raymond James raised shares of Shutterfly from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a report on Friday, April 26th. SunTrust Banks reissued a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a report on Friday, April 26th. Finally, Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.00.
NASDAQ SFLY opened at $47.37 on Friday. The company has a market cap of $1.55 billion, a PE ratio of 15.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 1.13. Shutterfly has a 1-year low of $35.08 and a 1-year high of $100.34.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.53) by $0.06. The company had revenue of $324.68 million during the quarter, compared to analyst estimates of $323.12 million. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The company’s revenue was up 62.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.83) earnings per share. Equities analysts predict that Shutterfly will post 0.81 earnings per share for the current year.
In other Shutterfly news, VP Jason Sebring sold 1,625 shares of Shutterfly stock in a transaction on Monday, February 25th. The shares were sold at an average price of $46.49, for a total transaction of $75,546.25. Following the completion of the sale, the vice president now owns 1,625 shares of the company’s stock, valued at approximately $75,546.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Meek sold 941 shares of Shutterfly stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $40.46, for a total transaction of $38,072.86. Following the sale, the chief executive officer now directly owns 3,081 shares of the company’s stock, valued at approximately $124,657.26. The disclosure for this sale can be found here. Insiders have sold a total of 21,823 shares of company stock valued at $996,441 in the last ninety days. Company insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Shutterfly during the 4th quarter worth $2,218,000. Oppenheimer Asset Management Inc. acquired a new stake in Shutterfly during the 4th quarter worth $137,000. Penserra Capital Management LLC grew its holdings in Shutterfly by 4.1% during the 4th quarter. Penserra Capital Management LLC now owns 186,346 shares of the technology company’s stock worth $7,502,000 after acquiring an additional 7,344 shares during the period. Texas Permanent School Fund grew its holdings in Shutterfly by 4.5% during the 4th quarter. Texas Permanent School Fund now owns 21,990 shares of the technology company’s stock worth $885,000 after acquiring an additional 948 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Shutterfly by 8.8% during the 4th quarter. Principal Financial Group Inc. now owns 315,041 shares of the technology company’s stock worth $12,684,000 after acquiring an additional 25,356 shares during the period.
Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.
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