BidaskClub Upgrades Shutterfly (SFLY) to “Sell”

BidaskClub upgraded shares of Shutterfly (NASDAQ:SFLY) from a strong sell rating to a sell rating in a report issued on Tuesday.

Several other brokerages also recently commented on SFLY. Zacks Investment Research downgraded shares of Shutterfly from a hold rating to a sell rating in a research report on Tuesday, October 9th. ValuEngine downgraded shares of Shutterfly from a buy rating to a hold rating in a research report on Wednesday, August 8th. SunTrust Banks lowered their price objective on shares of Shutterfly to $100.00 and set a buy rating for the company in a research report on Wednesday, October 17th. Finally, TheStreet downgraded shares of Shutterfly from a b- rating to a c+ rating in a research report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $90.80.

Shares of SFLY opened at $57.67 on Tuesday. Shutterfly has a one year low of $40.05 and a one year high of $100.34. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 0.81 and a beta of 1.34. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported ($2.20) EPS for the quarter, beating the 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 business had revenue of $368.76 million during the quarter, compared to the consensus estimate of $377.54 million. During the same period in the previous year, the business earned ($0.78) earnings per share. The company’s revenue was up 88.7% on a year-over-year basis. On average, sell-side analysts anticipate that Shutterfly will post 3.15 earnings per share for the current fiscal year.

In other news, CAO Lisa Blackwood-Kapral sold 435 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $73.72, for a total transaction of $32,068.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,250 shares in the company, valued at $92,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael W. Pope sold 17,458 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $58.60, for a total transaction of $1,023,038.80. Following the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $1,025,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,222 shares of company stock valued at $3,731,954. Company insiders own 0.80% of the company’s stock.

Several large investors have recently made changes to their positions in SFLY. Alliancebernstein L.P. increased its holdings in shares of Shutterfly by 40.5% during the third quarter. Alliancebernstein L.P. now owns 1,595,742 shares of the technology company’s stock worth $105,143,000 after buying an additional 459,760 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Shutterfly by 32.9% during the second quarter. Renaissance Technologies LLC now owns 948,068 shares of the technology company’s stock worth $85,355,000 after buying an additional 234,568 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Shutterfly by 4.9% during the third quarter. BlackRock Inc. now owns 4,777,666 shares of the technology company’s stock worth $314,799,000 after buying an additional 221,406 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Shutterfly by 208.9% during the second quarter. American Century Companies Inc. now owns 324,834 shares of the technology company’s stock worth $29,245,000 after buying an additional 219,679 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Shutterfly during the third quarter worth $9,418,000.

About Shutterfly

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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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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