ValuEngine upgraded shares of Shutterfly (NASDAQ:SFLY) from a sell rating to a hold rating in a report released on Friday morning.
A number of other research firms have also issued reports on SFLY. SunTrust Banks decreased their target price on Shutterfly to $100.00 and set a buy rating for the company in a report on Wednesday, October 17th. Zacks Investment Research upgraded Shutterfly from a sell rating to a hold rating in a report on Thursday, October 18th. KeyCorp assumed coverage on Shutterfly in a report on Friday, November 9th. They issued a sector weight rating for the company. BidaskClub upgraded Shutterfly from a strong sell rating to a sell rating in a report on Tuesday, November 6th. Finally, Aegis reiterated a buy rating and issued a $78.00 target price (down from $100.00) on shares of Shutterfly in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Shutterfly has a consensus rating of Hold and an average target price of $70.40.
Shares of NASDAQ SFLY opened at $45.22 on Friday. Shutterfly has a twelve month low of $35.08 and a twelve month high of $100.34. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.83, a PEG ratio of 2.60 and a beta of 1.49.
In other Shutterfly news, SVP Satish Menon sold 25,000 shares of Shutterfly stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total transaction of $1,202,250.00. Following the completion of the sale, the senior vice president now directly owns 12,448 shares of the company’s stock, valued at approximately $598,624.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Blackwood-Kapral sold 750 shares of Shutterfly stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $40.09, for a total value of $30,067.50. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at $30,067.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,012 shares of company stock valued at $1,242,868. 1.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in Shutterfly during the 3rd quarter worth about $149,000. Oppenheimer Asset Management Inc. purchased a new stake in Shutterfly during the 4th quarter worth about $137,000. Tower Research Capital LLC TRC lifted its holdings in Shutterfly by 1,095.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the technology company’s stock worth $226,000 after buying an additional 3,144 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Shutterfly by 134.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,840 shares of the technology company’s stock worth $253,000 after buying an additional 2,201 shares during the last quarter. Finally, Rafferty Asset Management LLC purchased a new stake in Shutterfly during the 3rd quarter worth about $267,000.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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