Shutterfly (SFLY) Lifted to Hold at ValuEngine

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.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, February 5th. The technology company reported $5.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.28 by ($0.09). The firm had revenue of $949.97 million during the quarter, compared to analyst estimates of $951.60 million. Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.11 earnings per share. As a group, research analysts anticipate that Shutterfly will post 0.74 EPS for the current year.

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.

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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