Shutterfly, Inc. (NASDAQ:SFLY) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 61,197 call options on the company. This is an increase of 805% compared to the average daily volume of 6,759 call options.

SFLY stock opened at $50.56 on Thursday. Shutterfly has a 52 week low of $35.08 and a 52 week high of $98.50. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 16.58 and a beta of 1.21. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.13 and a current ratio of 1.20.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Thursday, April 25th. The technology company reported ($2.47) EPS for the quarter, topping analysts’ consensus estimates of ($2.53) by $0.06. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The company had revenue of $324.68 million for the quarter, compared to the consensus estimate of $323.12 million. During the same period in the previous year, the firm earned ($0.83) EPS. Shutterfly’s revenue was up 62.6% on a year-over-year basis. On average, research analysts expect that Shutterfly will post 0.81 EPS for the current year.

A number of research firms have commented on SFLY. BidaskClub upgraded shares of Shutterfly from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 18th. Zacks Investment Research upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. SunTrust Banks downgraded shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Monday. Finally, Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price target on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and a consensus target price of $54.00.

In other Shutterfly news, CEO Christopher North sold 26,753 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the completion of the transaction, the chief executive officer now directly owns 87,327 shares of the company’s stock, valued at approximately $4,194,315.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Satish Menon sold 11,942 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $53.00, for a total transaction of $632,926.00. Following the transaction, the senior vice president now directly owns 11,942 shares of the company’s stock, valued at $632,926. The disclosure for this sale can be found here. Insiders have sold a total of 39,636 shares of company stock valued at $1,955,945 over the last three months. 2.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its holdings in shares of Shutterfly by 521.3% in the 1st quarter. Advisor Group Inc. now owns 1,311 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,100 shares in the last quarter. Towerview LLC bought a new stake in shares of Shutterfly in the 1st quarter worth approximately $102,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Shutterfly in the 4th quarter worth approximately $137,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Shutterfly in the 4th quarter worth approximately $139,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 purchasing an additional 429 shares in the last quarter.

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Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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