Shutterfly Target of Unusually High Options Trading (SFLY)

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Shutterfly, Inc. (NASDAQ:SFLY) saw some unusual options trading on Tuesday. Stock traders purchased 3,043 call options on the stock. This is an increase of approximately 1,377% compared to the typical volume of 206 call options.

In other Shutterfly news, Director Ann Mather sold 1,435 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $97.25, for a total transaction of $139,553.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Sebring sold 3,125 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $93.90, for a total transaction of $293,437.50. Following the sale, the vice president now directly owns 3,125 shares of the company’s stock, valued at approximately $293,437.50. The disclosure for this sale can be found here. Insiders sold 157,271 shares of company stock valued at $14,548,559 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC grew its position in shares of Shutterfly by 0.7% during the 4th quarter. Teachers Advisors LLC now owns 102,111 shares of the technology company’s stock worth $5,080,000 after buying an additional 694 shares during the period. Meadow Creek Investment Management LLC grew its position in shares of Shutterfly by 13.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock worth $301,000 after buying an additional 714 shares during the period. Profund Advisors LLC grew its position in shares of Shutterfly by 20.3% during the 1st quarter. Profund Advisors LLC now owns 6,612 shares of the technology company’s stock worth $537,000 after buying an additional 1,114 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Shutterfly by 5.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 21,888 shares of the technology company’s stock worth $1,778,000 after buying an additional 1,149 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of Shutterfly by 13.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 11,187 shares of the technology company’s stock worth $909,000 after buying an additional 1,342 shares during the period.

A number of research firms have weighed in on SFLY. Zacks Investment Research downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird increased their target price on shares of Shutterfly from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, July 6th. ValuEngine downgraded shares of Shutterfly from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $111.00 target price on shares of Shutterfly in a research report on Tuesday, June 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $88.00.

NASDAQ:SFLY opened at $89.31 on Wednesday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 85.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.58 and a quick ratio of 1.56. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $100.34.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.22. The business had revenue of $199.70 million during the quarter, compared to the consensus estimate of $192.02 million. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.84) EPS. sell-side analysts expect that Shutterfly will post 3.03 EPS for the current year.

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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