Shutterfly (SFLY) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Shutterfly (NASDAQ:SFLY) from a hold rating to a buy rating in a report released on Tuesday.

SFLY has been the topic of several other reports. Zacks Investment Research upgraded shares of Shutterfly from a sell rating to a hold rating in a research report on Monday, August 6th. BidaskClub cut shares of Shutterfly from a sell rating to a strong sell rating in a research report on Wednesday, July 25th. SunTrust Banks decreased their price objective on shares of Shutterfly to $90.00 and set a buy rating on the stock in a research report on Wednesday, October 31st. Finally, TheStreet cut 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 company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $90.80.

SFLY stock opened at $57.67 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $1.89 billion, a P/E ratio of 54.92, a P/E/G ratio of 0.81 and a beta of 1.34. Shutterfly has a 1-year low of $40.05 and a 1-year high of $100.34.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.42) by $0.22. The company had revenue of $368.76 million for the quarter, compared to analysts’ expectations of $377.54 million. Shutterfly had a negative net margin of 0.97% and a positive return on equity of 4.09%. Shutterfly’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.78) earnings per share. As a group, sell-side analysts predict that Shutterfly will post 3.15 earnings per share for the current year.

In other Shutterfly news, SVP Michele Anderson sold 9,030 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $75.95, for a total transaction of $685,828.50. Following the transaction, the senior vice president now directly owns 9,030 shares in the company, valued at $685,828.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dwayne A. Black sold 3,352 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $73.37, for a total transaction of $245,936.24. The disclosure for this sale can be found here. Insiders have sold 56,222 shares of company stock worth $3,731,954 over the last quarter. Company insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of Shutterfly by 7.0% during the second quarter. Legal & General Group Plc now owns 71,878 shares of the technology company’s stock valued at $6,486,000 after purchasing an additional 4,681 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Shutterfly during the second quarter valued at approximately $1,821,000. Raymond James & Associates purchased a new stake in shares of Shutterfly during the second quarter valued at approximately $1,297,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Shutterfly by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 243,607 shares of the technology company’s stock valued at $21,932,000 after purchasing an additional 10,707 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Shutterfly by 1.8% during the first quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock valued at $20,662,000 after purchasing an additional 4,596 shares during the period.

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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