Shares of Shutterfly, Inc. (NASDAQ:SFLY) have been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $52.75.

A number of brokerages have recently issued reports on SFLY. Aegis reiterated a “buy” rating and set a $56.00 target price on shares of Shutterfly in a research report on Tuesday, October 24th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Goldman Sachs Group restated a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a report on Wednesday, October 11th. Zacks Investment Research lowered Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks began coverage on Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price objective on the stock.

In other Shutterfly news, VP Jason Sebring sold 644 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.30, for a total value of $31,105.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total value of $29,320.82. Following the completion of the transaction, the chief accounting officer now owns 1,900 shares in the company, valued at approximately $77,482. The disclosure for this sale can be found here. Insiders sold a total of 71,363 shares of company stock worth $3,077,580 in the last 90 days. 0.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in shares of Shutterfly by 12.4% during the 3rd quarter. California Public Employees Retirement System now owns 74,299 shares of the technology company’s stock worth $3,602,000 after acquiring an additional 8,199 shares during the period. Bamco Inc. NY purchased a new position in shares of Shutterfly during the 3rd quarter worth $36,360,000. Point72 Asset Management L.P. raised its holdings in shares of Shutterfly by 80.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 38,083 shares of the technology company’s stock worth $1,846,000 after acquiring an additional 16,953 shares during the period. Jane Street Group LLC raised its holdings in shares of Shutterfly by 31.2% during the 3rd quarter. Jane Street Group LLC now owns 8,816 shares of the technology company’s stock worth $427,000 after acquiring an additional 2,096 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Shutterfly by 30.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 54,000 shares of the technology company’s stock worth $2,617,000 after acquiring an additional 12,600 shares during the period.

Shares of Shutterfly (SFLY) traded down $0.05 during trading hours on Friday, hitting $44.40. The stock had a trading volume of 562,964 shares, compared to its average volume of 585,535. Shutterfly has a 52-week low of $39.76 and a 52-week high of $53.99. The stock has a market cap of $1,460.00, a price-to-earnings ratio of 73.40 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. During the same quarter last year, the firm posted ($0.86) EPS. The business’s revenue was up 4.3% on a year-over-year basis. equities analysts expect that Shutterfly will post 0.45 earnings per share for the current year.

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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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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