Shutterfly, Inc. (NASDAQ:SFLY) SVP Satish Menon sold 11,942 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $53.00, for a total value of $632,926.00. Following the transaction, the senior vice president now directly owns 11,942 shares of the company’s stock, valued at approximately $632,926. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Shutterfly stock opened at $50.55 on Friday. Shutterfly, Inc. has a twelve month low of $35.08 and a twelve month high of $96.91. The firm has a market capitalization of $1.73 billion, a P/E ratio of 16.57 and a beta of 1.22. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.13 and a current ratio of 1.20.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.53) by $0.06. Shutterfly had a positive return on equity of 8.20% and a negative net margin of 0.29%. The firm had revenue of $324.68 million for the quarter, compared to analysts’ expectations of $323.12 million. During the same quarter last year, the firm earned ($0.83) earnings per share. The firm’s revenue for the quarter was up 62.6% compared to the same quarter last year. As a group, equities research analysts predict that Shutterfly, Inc. will post 0.81 EPS for the current year.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Shutterfly from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, April 26th. SunTrust Banks cut Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price objective on the stock. in a report on Monday, June 10th. Goldman Sachs Group upgraded Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price objective on the stock in a report on Tuesday. Finally, BidaskClub upgraded Shutterfly from a “strong sell” rating to a “sell” rating in a report on Saturday, May 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.00.

A number of institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. boosted its holdings in Shutterfly by 3,011.1% in the first quarter. Marshall Wace North America L.P. now owns 26,880 shares of the technology company’s stock valued at $1,093,000 after acquiring an additional 26,016 shares during the last quarter. Marshall Wace LLP acquired a new position in Shutterfly in the first quarter valued at $4,590,000. Cerebellum GP LLC acquired a new position in Shutterfly in the first quarter valued at $320,000. BlueMountain Capital Management LLC acquired a new position in Shutterfly in the first quarter valued at $929,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Shutterfly in the first quarter valued at $314,000.

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Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home d├ęcor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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