Shutterfly, Inc. (NASDAQ:SFLY) Short Interest Update

Shutterfly, Inc. (NASDAQ:SFLY) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 4,302,300 shares, a growth of 25.9% from the April 30th total of 3,417,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 13.0% of the shares of the stock are sold short.

SFLY traded down $0.04 on Thursday, hitting $50.57. 53,891 shares of the company’s stock were exchanged, compared to its average volume of 1,765,039. Shutterfly has a fifty-two week low of $35.08 and a fifty-two week high of $96.46. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.73 billion, a PE ratio of 16.58 and a beta of 1.22.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, beating the consensus estimate of ($2.53) by $0.06. The firm had revenue of $324.68 million for the quarter, compared to analysts’ expectations of $323.12 million. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The company’s revenue was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.83) EPS. As a group, research analysts anticipate that Shutterfly will post 0.81 earnings per share for the current year.

In related news, VP Jason Sebring sold 3,125 shares of Shutterfly stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $50.54, for a total value of $157,937.50. Following the sale, the vice president now owns 3,125 shares of the company’s stock, valued at approximately $157,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Layney sold 21,750 shares of Shutterfly stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $50.53, for a total transaction of $1,099,027.50. Following the completion of the sale, the senior vice president now directly owns 21,750 shares in the company, valued at approximately $1,099,027.50. The disclosure for this sale can be found here. Insiders sold a total of 64,511 shares of company stock worth $3,212,910 in the last three months. 2.40% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Shutterfly in the 4th quarter valued at about $26,138,000. Advent International Corp MA purchased a new stake in Shutterfly during the fourth quarter worth about $15,987,000. Ulysses Management LLC increased its stake in Shutterfly by 98.8% during the fourth quarter. Ulysses Management LLC now owns 593,597 shares of the technology company’s stock worth $23,898,000 after purchasing an additional 294,939 shares during the period. Canada Pension Plan Investment Board increased its stake in Shutterfly by 237.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 409,700 shares of the technology company’s stock worth $16,493,000 after purchasing an additional 288,460 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Shutterfly by 3,329.3% during the first quarter. Wedge Capital Management L L P NC now owns 261,517 shares of the technology company’s stock worth $10,628,000 after purchasing an additional 253,891 shares during the period.

A number of research firms recently issued reports on SFLY. Aegis cut shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group raised shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 target price on the stock in a research note on Tuesday, June 11th. Raymond James cut shares of Shutterfly from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. SunTrust Banks cut shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 target price on the stock. in a research note on Monday, June 10th. Finally, BidaskClub raised shares of Shutterfly from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 18th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.00.

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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