Shutterfly, Inc. (NASDAQ:SFLY) SVP Ishantha Lokuge sold 2,838 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $48.27, for a total value of $136,990.26. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Shutterfly, Inc. (SFLY) opened at 48.69 on Friday. Shutterfly, Inc. has a one year low of $41.91 and a one year high of $53.99. The stock has a market cap of $1.62 billion, a PE ratio of 296.89 and a beta of 0.90. The company’s 50-day moving average price is $48.00 and its 200-day moving average price is $48.46.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The company had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. During the same period in the prior year, the firm posted ($0.48) EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Shutterfly, Inc. will post $0.41 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in SFLY. Park West Asset Management LLC grew its holdings in Shutterfly by 31.0% during the first quarter. Park West Asset Management LLC now owns 2,758,936 shares of the technology company’s stock valued at $133,229,000 after purchasing an additional 652,612 shares during the period. Vanguard Group Inc. grew its holdings in Shutterfly by 16.2% during the first quarter. Vanguard Group Inc. now owns 2,838,819 shares of the technology company’s stock valued at $137,087,000 after purchasing an additional 396,567 shares during the period. SQN Investors LP bought a new stake in Shutterfly during the second quarter valued at about $16,275,000. Renaissance Technologies LLC bought a new stake in Shutterfly during the second quarter valued at about $15,594,000. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in Shutterfly by 181.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 432,933 shares of the technology company’s stock valued at $20,564,000 after purchasing an additional 279,115 shares during the period.

SFLY has been the subject of several recent research reports. BidaskClub downgraded Shutterfly from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Friday, July 28th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. SunTrust Banks, Inc. initiated coverage on Shutterfly in a report on Tuesday, August 15th. They set a “buy” rating and a $56.00 price target for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $53.00 price target on shares of Shutterfly in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Shutterfly currently has an average rating of “Hold” and an average target price of $53.45.

Shutterfly Company Profile

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.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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