Shutterfly (NASDAQ:SFLY) Downgraded by BidaskClub

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BidaskClub cut shares of Shutterfly (NASDAQ:SFLY) from a hold rating to a sell rating in a research report sent to investors on Monday morning, BidAskClub reports.

A number of other equities analysts also recently issued reports on the company. Aegis downgraded Shutterfly from a buy rating to a hold rating in a report on Monday, June 17th. Goldman Sachs Group raised Shutterfly from a sell rating to a neutral rating and set a $45.00 price target for the company in a report on Tuesday, June 11th. Raymond James downgraded Shutterfly from an outperform rating to a market perform rating in a report on Tuesday, June 11th. SunTrust Banks downgraded Shutterfly from a buy rating to a hold rating and set a $57.00 price target for the company. in a report on Monday, June 10th. Finally, ValuEngine raised Shutterfly from a sell rating to a hold rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $54.00.

Shares of SFLY opened at $50.53 on Monday. The company has a 50 day simple moving average of $48.34. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 1.13. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.57 and a beta of 1.22. Shutterfly has a 52-week low of $35.08 and a 52-week high of $94.17.

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

In other news, CEO Christopher North sold 26,753 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $48.03, for a total value of $1,284,946.59. Following the completion of the sale, the chief executive officer now directly owns 87,327 shares of the company’s stock, valued at $4,194,315.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Meek sold 941 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $40.46, for a total value of $38,072.86. Following the completion of the sale, the chief executive officer now directly owns 3,081 shares of the company’s stock, valued at $124,657.26. The disclosure for this sale can be found here. Insiders sold 64,511 shares of company stock valued at $3,212,910 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Shutterfly by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,014 shares of the technology company’s stock valued at $529,000 after acquiring an additional 235 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Shutterfly by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 11,483 shares of the technology company’s stock worth $466,000 after purchasing an additional 250 shares during the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of Shutterfly by 3.8% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 7,995 shares of the technology company’s stock worth $322,000 after purchasing an additional 292 shares during the last quarter. Connors Investor Services Inc. raised its stake in shares of Shutterfly by 1.1% during the first quarter. Connors Investor Services Inc. now owns 33,867 shares of the technology company’s stock worth $1,376,000 after purchasing an additional 376 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Shutterfly by 4.8% during the first quarter. Mason Street Advisors LLC now owns 10,941 shares of the technology company’s stock worth $445,000 after purchasing an additional 505 shares during the last quarter.

About Shutterfly

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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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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