ValuEngine cut shares of Shutterfly, Inc. (NASDAQ:SFLY) from a hold rating to a sell rating in a report published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. SunTrust Banks, Inc. started coverage on Shutterfly in a research note on Tuesday, August 15th. They set a buy rating and a $56.00 target price on the stock. Zacks Investment Research raised Shutterfly from a hold rating to a buy rating and set a $53.00 price objective for the company in a report on Monday, July 17th. Cantor Fitzgerald reissued a buy rating and issued a $57.00 price objective on shares of Shutterfly in a report on Tuesday, May 16th. TheStreet lowered Shutterfly from a b- rating to a c+ rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a hold rating and issued a $53.00 price objective on shares of Shutterfly in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Shutterfly has an average rating of Hold and an average price target of $54.10.

Shutterfly (NASDAQ:SFLY) opened at 47.10 on Wednesday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 287.20 and a beta of 0.89. Shutterfly has a 12-month low of $41.91 and a 12-month high of $53.99. The firm has a 50 day moving average of $46.55 and a 200 day moving average of $48.10.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by $0.13. The business had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. On average, analysts forecast that Shutterfly will post $0.47 EPS for the current fiscal year.

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In other Shutterfly news, SVP Tracy Layney sold 21,750 shares of Shutterfly stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $48.60, for a total transaction of $1,057,050.00. Following the completion of the transaction, the senior vice president now owns 43,500 shares of the company’s stock, valued at approximately $2,114,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Sebring sold 2,481 shares of Shutterfly stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $48.57, for a total value of $120,502.17. Following the transaction, the vice president now directly owns 3,125 shares of the company’s stock, valued at approximately $151,781.25. The disclosure for this sale can be found here. Insiders have sold a total of 32,272 shares of company stock valued at $1,562,998 in the last ninety days. Insiders own 5.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SFLY. Elkfork Partners LLC purchased a new position in Shutterfly during the 1st quarter valued at about $116,000. Riverhead Capital Management LLC grew its holdings in Shutterfly by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after buying an additional 931 shares in the last quarter. Quantbot Technologies LP purchased a new position in Shutterfly during the 2nd quarter valued at about $119,000. LS Investment Advisors LLC grew its holdings in Shutterfly by 132.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares in the last quarter. Finally, Meadow Creek Investment Management LLC purchased a new position in Shutterfly during the 1st quarter valued at about $141,000.

About Shutterfly

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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