Shutterfly Inc. (NASDAQ:SFLY)‘s stock had its “hold” rating restated by investment analysts at Axiom Securities in a research report issued to clients and investors on Friday. They currently have a $52.00 price target on the stock. Axiom Securities’ price objective points to a potential upside of 17.89% from the stock’s current price.
Several other equities analysts also recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a research report on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $59.00 target price on shares of Shutterfly in a research report on Friday. RBC Capital Markets set a $57.00 target price on Shutterfly and gave the company a “buy” rating in a research report on Thursday, September 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $55.00 target price on shares of Shutterfly in a research report on Thursday, September 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Shutterfly in a research note on Sunday, August 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.92.
Shares of Shutterfly (NASDAQ:SFLY) opened at 44.11 on Friday. The company’s 50-day moving average price is $49.78 and its 200-day moving average price is $48.13. The firm has a market capitalization of $1.50 billion, a PE ratio of 70.02 and a beta of 1.32. Shutterfly has a 12-month low of $35.22 and a 12-month high of $54.60.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Wednesday, July 27th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.17. Shutterfly had a return on equity of 4.86% and a net margin of 2.01%. The company had revenue of $204 million for the quarter, compared to the consensus estimate of $200.73 million. During the same quarter in the prior year, the business earned ($0.63) earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that Shutterfly will post $0.55 EPS for the current year.
In other news, Director Thomas David Hughes sold 1,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $51.61, for a total value of $51,610.00. Following the completion of the transaction, the director now directly owns 3,957 shares in the company, valued at approximately $204,220.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ishantha Lokuge sold 5,241 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $50.19, for a total value of $263,045.79. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Shutterfly by 4.8% in the second quarter. Vanguard Group Inc. now owns 2,333,253 shares of the company’s stock worth $108,753,000 after buying an additional 107,457 shares during the last quarter. Alliancebernstein L.P. increased its stake in Shutterfly by 1.8% in the second quarter. Alliancebernstein L.P. now owns 1,454,918 shares of the company’s stock worth $67,814,000 after buying an additional 25,438 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Shutterfly by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,293,054 shares of the company’s stock worth $60,269,000 after buying an additional 57,753 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Shutterfly by 8.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 966,972 shares of the company’s stock worth $44,838,000 after buying an additional 76,050 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Shutterfly by 286.6% in the first quarter. Renaissance Technologies LLC now owns 584,100 shares of the company’s stock worth $27,085,000 after buying an additional 433,000 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.
Shutterfly Company Profile
Shutterfly, Inc is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products.
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