Shutterfly Inc. (SFLY) Sees Strong Trading Volume
Shutterfly Inc. (NASDAQ:SFLY) saw an uptick in trading volume on Thursday . 292,152 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 229,372 shares.The stock last traded at $50.53 and had previously closed at $50.22.
A number of brokerages recently commented on SFLY. Jefferies Group reaffirmed a “hold” rating on shares of Shutterfly in a research note on Friday, August 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $55.00 price objective on shares of Shutterfly in a report on Tuesday, August 9th. Axiom Securities downgraded Shutterfly from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Wednesday, July 20th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. increased their price objective on Shutterfly from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.18.
The firm’s 50-day moving average is $50.74 and its 200 day moving average is $47.46. The company has a market capitalization of $1.70 billion and a PE ratio of 79.43.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.17. During the same quarter in the previous year, the firm earned ($0.63) EPS. The business had revenue of $204 million for the quarter, compared to analysts’ expectations of $200.73 million. Shutterfly’s revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that Shutterfly Inc. will post $0.55 EPS for the current fiscal year.
In related news, insider Lisa Blackwood-Kapral sold 770 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $50.16, for a total transaction of $38,623.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Layney sold 13,066 shares of the business’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $46.90, for a total value of $612,795.40. Following the transaction, the senior vice president now owns 32,625 shares of the company’s stock, valued at approximately $1,530,112.50. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Shutterfly stock. AJO LP acquired a new position in shares of Shutterfly Inc. (NASDAQ:SFLY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,322 shares of the company’s stock, valued at approximately $2,020,000. AJO LP owned approximately 0.13% of Shutterfly as of its most recent filing with the SEC.
Shutterfly, Inc is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products.
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