Shutterfly Inc. (SFLY) Sees Large Volume Increase
Shutterfly Inc. (NASDAQ:SFLY) saw unusually-strong trading volume on Thursday . Approximately 292,152 shares traded hands during 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.
Several equities research analysts have commented on SFLY shares. Jefferies Group reiterated a “hold” rating and set a $55.00 price objective on shares of Shutterfly in a research note on Monday, August 22nd. Cantor Fitzgerald reiterated a “buy” rating and set a $52.00 price objective on shares of Shutterfly in a research note on Sunday, June 5th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Monday, July 4th. Finally, Goldman Sachs Group Inc. boosted their price objective on Shutterfly from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $52.18.
The stock has a market cap of $1.70 billion and a P/E ratio of 79.38. The company has a 50-day moving average price of $50.72 and a 200-day moving average price of $47.49.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results 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. The company had revenue of $204 million for the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the previous year, the business posted ($0.63) earnings per share. Shutterfly’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts predict that Shutterfly Inc. will post $0.55 EPS for the current fiscal year.
In related news, SVP Ishantha Lokuge sold 3,259 shares of Shutterfly stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $50.02, for a total transaction of $163,015.18. Following the completion of the transaction, the senior vice president now directly owns 8,500 shares in the company, valued at approximately $425,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas David Hughes sold 1,000 shares of Shutterfly stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $51.61, for a total value of $51,610.00. Following the transaction, the director now owns 3,957 shares of the company’s stock, valued at $204,220.77. 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 stake in Shutterfly Inc. (NASDAQ:SFLY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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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