Shutterfly, Inc. (NASDAQ:SFLY) CAO Lisa Blackwood-Kapral sold 719 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $40.78, for a total transaction of $29,320.82. Following the completion of the transaction, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at approximately $77,482. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Shutterfly, Inc. (SFLY) traded up $0.15 during trading hours on Friday, hitting $40.78. 370,799 shares of the stock were exchanged, compared to its average volume of 590,060. The stock has a market capitalization of $1,323.81, a price-to-earnings ratio of 65.03 and a beta of 0.85. Shutterfly, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $53.99.
Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.01. The business had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted ($0.86) earnings per share. equities research analysts forecast that Shutterfly, Inc. will post 0.45 earnings per share for the current fiscal year.
SFLY has been the subject of a number of analyst reports. Aegis reaffirmed a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a report on Tuesday, October 24th. SunTrust Banks, Inc. assumed coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $53.00 price objective on shares of Shutterfly in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.50.
Large investors have recently modified their holdings of the company. Bessemer Group Inc. purchased a new position in shares of Shutterfly during the third quarter worth approximately $112,000. Riverhead Capital Management LLC increased its position in shares of Shutterfly by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after acquiring an additional 931 shares during the period. Quantbot Technologies LP purchased a new position in shares of Shutterfly during the second quarter worth approximately $119,000. LS Investment Advisors LLC increased its position in shares of Shutterfly by 132.9% during the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,648 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Shutterfly during the third quarter worth approximately $162,000.
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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