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.
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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