Somewhat Positive Media Coverage Somewhat Unlikely to Affect Shutterfly (NASDAQ:SFLY) Share Price
News coverage about Shutterfly (NASDAQ:SFLY) has been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shutterfly earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.1451978742707 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Rothschild Asset Management Inc. Increases Stake in TriCo Bancshares (NASDAQ:TCBK) (topactu.net)
- Weibo (WB) Catches Eye: Stock Moves Up 7.5% in Session (finance.yahoo.com)
- Shutterfly, Inc. – Value Analysis (NASDAQ:SFLY) : August 8, 2017 (finance.yahoo.com)
- Jefferies Group LLC Reiterates “Hold” Rating for Shutterfly, Inc. (SFLY) (americanbankingnews.com)
Shares of Shutterfly (NASDAQ:SFLY) traded up 0.13% during mid-day trading on Friday, reaching $45.89. 436,207 shares of the company were exchanged. The stock has a 50 day moving average price of $47.54 and a 200-day moving average price of $48.35. The stock has a market capitalization of $1.53 billion, a P/E ratio of 279.82 and a beta of 0.85. Shutterfly has a 12 month low of $41.91 and a 12 month high of $53.99.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by $0.13. The business had revenue of $209.03 million during the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.48) earnings per share. Analysts predict that Shutterfly will post $0.46 earnings per share for the current year.
Shutterfly declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 18th that permits the company to repurchase $140.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 8.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of research analysts have issued reports on SFLY shares. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, June 28th. TheStreet upgraded shares of Shutterfly from a “c” rating to a “b” rating in a research note on Monday, April 17th. Robert W. Baird restated a “neutral” rating and set a $50.00 price target (up previously from $47.00) on shares of Shutterfly in a research note on Saturday, April 29th. BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada upped their price target on shares of Shutterfly from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.89.
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In other Shutterfly news, CEO Christopher North sold 27,606 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.66, for a total value of $1,370,913.96. Following the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at approximately $1,986,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,662 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $49.86, for a total transaction of $82,867.32. Following the completion of the transaction, the director now directly owns 6,799 shares in the company, valued at $338,998.14. The disclosure for this sale can be found here. Insiders sold a total of 60,290 shares of company stock worth $2,958,580 over the last three months. 5.70% of the stock is currently owned by corporate insiders.
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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