Shutterfly (NASDAQ:SFLY) Now Covered by Goldman Sachs Group

Equities researchers at Goldman Sachs Group began coverage on shares of Shutterfly (NASDAQ:SFLY) in a note issued to investors on Monday, February 4th, MarketBeat Ratings reports. The brokerage set a “sell” rating and a $40.00 price target on the technology company’s stock. Goldman Sachs Group’s target price would suggest a potential downside of 11.23% from the company’s current price.

Several other equities analysts have also issued reports on SFLY. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. ValuEngine lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. SunTrust Banks reissued a “buy” rating and set a $90.00 price objective on shares of Shutterfly in a report on Wednesday, November 14th. Robert W. Baird cut their price objective on shares of Shutterfly from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, December 12th. Finally, BidaskClub raised shares of Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and an average price target of $70.40.

Shares of Shutterfly stock traded up $0.25 on Monday, hitting $45.06. 398,291 shares of the company traded hands, compared to its average volume of 1,150,775. 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 52 week low of $35.08 and a 52 week high of $100.34. The company has a market capitalization of $1.51 billion, a PE ratio of 14.77, a P/E/G ratio of 2.82 and a beta of 1.49.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $5.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.28 by ($0.09). Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The company had revenue of $949.97 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period in the prior year, the firm posted $3.11 EPS. The business’s revenue was up 60.0% on a year-over-year basis. On average, analysts forecast that Shutterfly will post 0.74 earnings per share for the current year.

In other news, insider Lisa Blackwood-Kapral sold 750 shares of Shutterfly stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $40.09, for a total transaction of $30,067.50. Following the completion of the sale, the insider now directly owns 750 shares in the company, valued at $30,067.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michele Anderson sold 4,188 shares of Shutterfly stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $44.57, for a total transaction of $186,659.16. Following the sale, the senior vice president now owns 13,301 shares of the company’s stock, valued at $592,825.57. The disclosure for this sale can be found here. Insiders sold 29,894 shares of company stock worth $1,366,426 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of SFLY. Oppenheimer Asset Management Inc. acquired a new stake in shares of Shutterfly during the fourth quarter worth $137,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Shutterfly during the fourth quarter worth $139,000. Point72 Hong Kong Ltd acquired a new position in Shutterfly during the third quarter valued at $149,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Shutterfly by 11.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,269 shares of the technology company’s stock valued at $172,000 after purchasing an additional 429 shares during the period. Finally, Amalgamated Bank acquired a new position in Shutterfly during the fourth quarter valued at $209,000.

About Shutterfly

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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