Shares of Shutterfly, Inc. (NASDAQ:SFLY) have earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $56.86.

SFLY has been the topic of several recent analyst reports. Aegis reaffirmed a “buy” rating and set a $73.00 target price on shares of Shutterfly in a research note on Sunday, February 4th. Goldman Sachs Group downgraded Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price on the stock. in a research note on Wednesday, January 17th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks lifted their target price on Shutterfly to $60.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, BidaskClub raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.

Shares of Shutterfly (NASDAQ:SFLY) traded down $1.60 during trading on Friday, reaching $69.20. The company’s stock had a trading volume of 1,291,354 shares, compared to its average volume of 1,810,423. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $2,286.63, a P/E ratio of 74.41 and a beta of 1.11. Shutterfly has a 52-week low of $39.76 and a 52-week high of $74.92.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.25. The firm had revenue of $593.80 million for the quarter, compared to the consensus estimate of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. equities research analysts predict that Shutterfly will post 2.09 earnings per share for the current year.

Shutterfly announced that its board has approved a share buyback program on Tuesday, January 30th that permits the company to repurchase outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total value of $11,519,200.00. Following the sale, the chief executive officer now owns 97,394 shares of the company’s stock, valued at approximately $6,599,417.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was 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 approximately $1,616,748.30. The disclosure for this sale can be found here. Insiders sold a total of 196,003 shares of company stock worth $12,620,221 in the last three months. Company insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SFLY. Bamco Inc. NY bought a new stake in shares of Shutterfly in the 3rd quarter worth $36,360,000. SQN Investors LP bought a new stake in shares of Shutterfly in the 2nd quarter worth $16,275,000. Rice Hall James & Associates LLC grew its holdings in shares of Shutterfly by 70.9% in the 3rd quarter. Rice Hall James & Associates LLC now owns 801,520 shares of the technology company’s stock worth $38,858,000 after acquiring an additional 332,434 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Shutterfly in the 2nd quarter worth $15,594,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Shutterfly by 430.8% in the 4th quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock worth $19,653,000 after acquiring an additional 320,604 shares during the last quarter.

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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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