Shutterfly Inc. (NASDAQ:SFLY)‘s stock had its “outperform” rating restated by Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $59.00 price target on the stock. Robert W. Baird’s price objective indicates a potential upside of 33.76% from the stock’s current price.
A number of other equities analysts have also issued reports on SFLY. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Shutterfly in a research report on Saturday, July 9th. RBC Capital Markets set a $57.00 price target on Shutterfly and gave the company a “buy” rating in a report on Thursday, September 22nd. Zacks Investment Research downgraded Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. Jefferies Group reiterated a “hold” rating on shares of Shutterfly in a report on Monday, July 11th. Finally, Barclays PLC boosted their price target on Shutterfly from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $52.92.
Shares of Shutterfly (NASDAQ:SFLY) opened at 44.11 on Friday. Shutterfly has a 12-month low of $35.22 and a 12-month high of $54.60. The firm has a market cap of $1.50 billion, a P/E ratio of 70.02 and a beta of 1.32. The firm has a 50-day moving average price of $49.78 and a 200-day moving average price of $48.13.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $200.73 million. During the same period in the prior year, the company posted ($0.63) EPS. Shutterfly’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Shutterfly will post $0.55 earnings per share for the current fiscal year.
In other news, SVP Ishantha Lokuge sold 3,259 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $50.02, for a total value of $163,015.18. Following the completion of the transaction, the senior vice president now owns 8,500 shares of the company’s stock, valued at $425,170. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lisa Blackwood-Kapral sold 770 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $50.16, for a total value of $38,623.20. 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 added to or reduced their stakes in SFLY. Fox Run Management L.L.C. acquired a new position in Shutterfly during the second quarter valued at about $345,000. Balter Liquid Alternatives LLC purchased a new stake in shares of Shutterfly during the first quarter valued at $268,000. Boothbay Fund Management LLC raised its stake in shares of Shutterfly by 6.0% in the first quarter. Boothbay Fund Management LLC now owns 46,560 shares of the company’s stock valued at $2,159,000 after buying an additional 2,641 shares during the period. Squarepoint Ops LLC raised its stake in shares of Shutterfly by 610.4% in the first quarter. Squarepoint Ops LLC now owns 34,100 shares of the company’s stock valued at $1,581,000 after buying an additional 29,300 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Shutterfly during the first quarter valued at $124,000. 97.74% of the stock is owned by institutional investors.
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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