BidaskClub cut shares of Shutterfly (NASDAQ:SFLY) from a sell rating to a strong sell rating in a research note published on Thursday morning.

A number of other research analysts have also recently weighed in on SFLY. Zacks Investment Research raised Shutterfly from a sell rating to a hold rating in a research report on Monday, March 4th. ValuEngine downgraded Shutterfly from a hold rating to a sell rating in a research note on Saturday, March 9th. SunTrust Banks reissued a buy rating and set a $90.00 target price on shares of Shutterfly in a research note on Wednesday, November 14th. Robert W. Baird decreased their target price on Shutterfly from $70.00 to $55.00 and set a neutral rating on the stock in a research note on Wednesday, December 12th. Finally, Aegis reissued a buy rating and set a $78.00 target price (down previously from $100.00) on shares of Shutterfly in a research note on Friday, November 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Shutterfly has an average rating of Hold and a consensus price target of $70.40.

SFLY stock opened at $40.80 on Thursday. Shutterfly has a twelve month low of $35.08 and a twelve month high of $100.34. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.76 and a current ratio of 1.80. The stock has a market cap of $1.39 billion, a PE ratio of 13.38, a P/E/G ratio of 2.53 and a beta of 1.41.

Shutterfly (NASDAQ:SFLY) last posted 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). Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The company had revenue of $949.97 million for the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the previous year, the firm earned $3.11 earnings per share. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. As a group, equities analysts forecast that Shutterfly will post 0.74 earnings per share for the current fiscal year.

In related news, CFO Michael W. Pope sold 2,116 shares of Shutterfly stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $45.93, for a total transaction of $97,187.88. Following the sale, the chief financial officer now owns 23,417 shares of the company’s stock, valued at approximately $1,075,542.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Blackwood-Kapral sold 750 shares of Shutterfly stock in a transaction that occurred on Wednesday, January 2nd. The shares were 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 in the company, valued at approximately $30,067.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,894 shares of company stock worth $1,366,426 in the last three months. 1.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in Shutterfly during the 4th quarter valued at approximately $137,000. Edmond DE Rothschild Holding S.A. bought a new stake in Shutterfly in the 4th quarter worth approximately $139,000. Point72 Hong Kong Ltd bought a new stake in Shutterfly in the 3rd quarter worth approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Shutterfly by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,269 shares of the technology company’s stock worth $172,000 after acquiring an additional 429 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in Shutterfly in the 4th quarter worth approximately $209,000.

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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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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