Shutterfly, Inc. (NASDAQ:SFLY) SVP Ishantha Lokuge sold 2,514 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $72.73, for a total transaction of $182,843.22. Following the completion of the transaction, the senior vice president now owns 2,514 shares in the company, valued at $182,843.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of SFLY traded up $0.52 during mid-day trading on Friday, reaching $73.25. 396,300 shares of the company’s stock were exchanged, compared to its average volume of 893,938. The company has a current ratio of 1.72, a quick ratio of 1.66 and a debt-to-equity ratio of 2.01. The firm has a market cap of $2.44 billion, a PE ratio of 69.86, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. Shutterfly, Inc. has a 52-week low of $39.76 and a 52-week high of $100.34.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, August 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.96. The business had revenue of $443.37 million for the quarter, compared to analyst estimates of $438.30 million. Shutterfly had a net margin of 2.26% and a return on equity of 13.03%. equities research analysts forecast that Shutterfly, Inc. will post 2.69 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Summit Trail Advisors LLC grew its position in Shutterfly by 7,742.2% in the 1st quarter. Summit Trail Advisors LLC now owns 1,749,526 shares of the technology company’s stock valued at $1,750,000 after buying an additional 1,727,217 shares during the last quarter. Scopus Asset Management L.P. purchased a new position in Shutterfly in the 1st quarter valued at $21,938,000. Bamco Inc. NY grew its position in Shutterfly by 33.3% in the 1st quarter. Bamco Inc. NY now owns 1,000,000 shares of the technology company’s stock valued at $81,250,000 after buying an additional 250,000 shares during the last quarter. Renaissance Technologies LLC grew its position in Shutterfly by 32.9% in the 2nd quarter. Renaissance Technologies LLC now owns 948,068 shares of the technology company’s stock valued at $85,355,000 after buying an additional 234,568 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Shutterfly by 208.9% in the 2nd quarter. American Century Companies Inc. now owns 324,834 shares of the technology company’s stock valued at $29,245,000 after buying an additional 219,679 shares during the last quarter.

Several equities analysts have commented on the stock. BidaskClub lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research lowered shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine lowered shares of Shutterfly from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Robert W. Baird increased their price target on shares of Shutterfly from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, July 6th. Finally, TheStreet lowered shares of Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $95.00.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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