Shutterfly (SFLY) Rating Lowered to Strong Sell at BidaskClub
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.
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.
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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