Shutterfly, Inc. (NASDAQ:SFLY) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 3,822,800 shares, a drop of 11.3% from the May 30th total of 4,310,900 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 11.6% of the shares of the company are sold short.

Several equities analysts have recently weighed in on the company. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. SunTrust Banks cut Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Monday, June 10th. Aegis cut Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Raymond James set a $39.00 price objective on Fastenal and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.00.

NASDAQ:SFLY traded down $0.01 during mid-day trading on Friday, hitting $50.54. The company’s stock had a trading volume of 482,197 shares, compared to its average volume of 741,688. Shutterfly has a 1 year low of $35.08 and a 1 year high of $92.10. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.73 billion, a PE ratio of 16.57 and a beta of 1.20. The business’s fifty day moving average price is $49.82.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, topping the consensus estimate of ($2.53) by $0.06. The firm had revenue of $324.68 million during the quarter, compared to the consensus estimate of $323.12 million. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The company’s revenue for the quarter was up 62.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.83) EPS. On average, equities research analysts predict that Shutterfly will post 0.81 EPS for the current fiscal year.

In other news, SVP Tracy Layney sold 21,750 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $50.53, for a total value of $1,099,027.50. Following the completion of the sale, the senior vice president now owns 21,750 shares of the company’s stock, valued at approximately $1,099,027.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott Arnold sold 12,543 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $50.59, for a total value of $634,550.37. Following the completion of the sale, the insider now directly owns 12,543 shares of the company’s stock, valued at approximately $634,550.37. The disclosure for this sale can be found here. Insiders sold 77,054 shares of company stock valued at $3,847,461 over the last three months. Company insiders own 2.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its holdings in shares of Shutterfly by 4.5% in the 4th quarter. Texas Permanent School Fund now owns 21,990 shares of the technology company’s stock valued at $885,000 after purchasing an additional 948 shares in the last quarter. Principal Financial Group Inc. raised its stake in Shutterfly by 8.8% during the 4th quarter. Principal Financial Group Inc. now owns 315,041 shares of the technology company’s stock worth $12,684,000 after acquiring an additional 25,356 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Shutterfly during the 4th quarter worth $1,090,000. Cerebellum GP LLC purchased a new position in Shutterfly during the 1st quarter worth $320,000. Finally, Geode Capital Management LLC grew its position in Shutterfly by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 458,486 shares of the technology company’s stock worth $18,457,000 after purchasing an additional 27,376 shares during the last quarter.

About Shutterfly

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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