Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Shutterfly, Inc. (NASDAQ:SFLY) in a research report report published on Wednesday morning. The brokerage currently has a $47.00 price objective on the technology company’s stock.
SFLY has been the subject of several other reports. ValuEngine downgraded Shutterfly from a hold rating to a sell rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded Shutterfly from a hold rating to a strong-buy rating and set a $57.00 price objective for the company in a research report on Friday, July 28th. Jefferies Group LLC reiterated a hold rating and set a $53.00 price objective on shares of Shutterfly in a research report on Friday, August 4th. SunTrust Banks, Inc. started coverage on Shutterfly in a research report on Tuesday, August 15th. They set a buy rating and a $56.00 price objective for the company. Finally, BidaskClub upgraded Shutterfly from a strong sell rating to a sell rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $53.45.
Shares of Shutterfly (SFLY) traded up 0.75% during trading on Wednesday, hitting $48.62. The stock had a trading volume of 181,974 shares. Shutterfly has a one year low of $41.91 and a one year high of $53.99. The firm’s 50-day moving average is $47.35 and its 200-day moving average is $48.41. The firm has a market cap of $1.62 billion, a P/E ratio of 296.46 and a beta of 0.90.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). The business had revenue of $209.03 million for the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. Equities research analysts forecast that Shutterfly will post $0.41 EPS for the current year.
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In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the transaction, the insider now owns 1,250 shares of the company’s stock, valued at $58,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jason Sebring sold 644 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its holdings in shares of Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after buying an additional 931 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Shutterfly in the second quarter valued at $119,000. LS Investment Advisors LLC increased its holdings in shares of Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Shutterfly in the first quarter valued at $144,000. Finally, Pinebridge Investments L.P. increased its holdings in shares of Shutterfly by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after buying an additional 60 shares in the last quarter.
Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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