Goldman Sachs Group cut shares of Shutterfly (NASDAQ:SFLY) from a neutral rating to a sell rating in a research report sent to investors on Wednesday, MarketBeat reports. Goldman Sachs Group currently has $46.00 price objective on the technology company’s stock.

A number of other equities analysts also recently weighed in on the stock. SunTrust Banks lifted their target price on shares of Shutterfly to $60.00 and gave the stock a buy rating in a research note on Friday, January 12th. BidaskClub raised shares of Shutterfly from a sell rating to a hold rating in a research note on Friday, December 29th. ValuEngine raised shares of Shutterfly from a sell rating to a hold rating in a research note on Friday, December 29th. Aegis reissued a buy rating and set a $57.00 target price on shares of Shutterfly in a research note on Wednesday, December 27th. Finally, Zacks Investment Research raised shares of Shutterfly from a sell rating to a hold rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $53.90.

Shares of Shutterfly (NASDAQ SFLY) traded up $0.67 during midday trading on Wednesday, reaching $52.11. 394,509 shares of the company were exchanged, compared to its average volume of 553,579. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $53.88. The company has a market capitalization of $1,710.93, a P/E ratio of 84.05 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 for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 million. During the same quarter last year, the firm earned ($0.86) earnings per share. Shutterfly’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Shutterfly will post 0.45 EPS for the current year.

In other Shutterfly news, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total value of $1,057,500.00. Following the completion of the sale, the senior vice president now directly owns 38,221 shares in the company, valued at $1,616,748.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael W. Pope sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $736,400. The disclosure for this sale can be found here. Insiders sold 61,003 shares of company stock valued at $2,573,821 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Shutterfly by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock valued at $137,902,000 after buying an additional 64,361 shares during the last quarter. EastBay Asset Management LLC grew its holdings in shares of Shutterfly by 0.6% during the second quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock valued at $101,182,000 after buying an additional 12,470 shares during the last quarter. Fine Capital Partners L.P. grew its holdings in shares of Shutterfly by 19.8% during the third quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock valued at $79,801,000 after buying an additional 272,200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Shutterfly by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock valued at $60,512,000 after buying an additional 3,360 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Shutterfly by 4.0% during the second quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after buying an additional 37,889 shares during the last quarter.

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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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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