Shutterfly, Inc. (SFLY) Receives $60.75 Consensus PT from Analysts

Shutterfly, Inc. (NASDAQ:SFLY) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $60.75.

SFLY has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on Shutterfly in a research note on Monday, February 4th. They set a “sell” rating and a $40.00 price objective on the stock. BidaskClub raised Shutterfly from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. SunTrust Banks decreased their price target on Shutterfly to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. They noted that the move was a valuation call. Aegis reaffirmed a “buy” rating and issued a $78.00 price target (down previously from $100.00) on shares of Shutterfly in a research note on Friday, November 30th. Finally, ValuEngine lowered Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th.

NASDAQ SFLY traded up $0.37 on Friday, reaching $40.64. 615,700 shares of the company were exchanged, compared to its average volume of 812,346. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 2.46 and a beta of 1.41. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.76 and a current ratio of 1.80. Shutterfly has a fifty-two week low of $35.08 and a fifty-two week high of $100.34.

Shutterfly (NASDAQ:SFLY) last released 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). The company had revenue of $949.97 million for the quarter, compared to analyst estimates of $951.60 million. Shutterfly had a return on equity of 18.78% and a net margin of 2.57%. The business’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period last year, the firm posted $3.11 EPS. As a group, sell-side analysts forecast that Shutterfly will post 0.74 EPS for the current year.

In related news, SVP Tracy Layney sold 4,926 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $46.25, for a total value of $227,827.50. Following the sale, the senior vice president now owns 23,535 shares in the company, valued at approximately $1,088,493.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Blackwood-Kapral sold 750 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 750 shares in the company, valued at approximately $30,067.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,894 shares of company stock worth $1,366,426. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Shutterfly by 1.1% in the 4th quarter. BlackRock Inc. now owns 4,828,099 shares of the technology company’s stock valued at $194,379,000 after buying an additional 50,433 shares during the period. Vanguard Group Inc raised its holdings in shares of Shutterfly by 3.4% in the 3rd quarter. Vanguard Group Inc now owns 3,304,594 shares of the technology company’s stock valued at $217,739,000 after buying an additional 107,154 shares during the period. Vanguard Group Inc. raised its holdings in shares of Shutterfly by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,304,594 shares of the technology company’s stock valued at $217,739,000 after buying an additional 107,154 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Shutterfly by 40.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,595,742 shares of the technology company’s stock valued at $105,143,000 after buying an additional 459,760 shares during the period. Finally, SQN Investors LP raised its holdings in shares of Shutterfly by 17.3% in the 3rd quarter. SQN Investors LP now owns 1,581,003 shares of the technology company’s stock valued at $104,172,000 after buying an additional 233,321 shares during the period.

Shutterfly Company Profile

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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