BidaskClub lowered shares of Shutterfly (NASDAQ:SFLY) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

A number of other analysts have also recently issued reports on the company. SunTrust Banks cut Shutterfly from a buy rating to a hold rating and set a $57.00 target price for the company. in a research note on Monday, June 10th. Aegis downgraded shares of Shutterfly from a buy rating to a hold rating in a report on Monday, June 17th. ValuEngine raised shares of Shutterfly from a hold rating to a buy rating in a research note on Thursday, August 8th. Goldman Sachs Group upgraded shares of Shutterfly from a sell rating to a neutral rating and set a $45.00 price target for the company in a report on Tuesday, June 11th. Finally, Zacks Investment Research raised shares of Shutterfly from a hold rating to a buy rating and set a $53.00 price objective for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $53.83.

NASDAQ:SFLY opened at $50.93 on Friday. Shutterfly has a 1 year low of $35.08 and a 1 year high of $74.24. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 16.70 and a beta of 1.24. The stock has a 50-day moving average price of $50.78 and a two-hundred day moving average price of $46.87.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). The company had revenue of $473.42 million during the quarter, compared to the consensus estimate of $475.09 million. Shutterfly had a return on equity of 4.37% and a net margin of 0.36%. Sell-side analysts forecast that Shutterfly will post 0.8 earnings per share for the current year.

In related news, VP Jason Sebring sold 3,125 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $50.54, for a total transaction of $157,937.50. Following the completion of the transaction, the vice president now owns 3,125 shares in the company, valued at $157,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Layney sold 21,750 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $50.53, for a total transaction of $1,099,027.50. Following the transaction, the senior vice president now owns 21,750 shares of the company’s stock, valued at approximately $1,099,027.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,465 shares of company stock valued at $1,944,431. 2.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of SFLY. Omni Partners LLP acquired a new position in shares of Shutterfly during the 2nd quarter worth about $29,515,000. Water Island Capital LLC acquired a new position in Shutterfly during the second quarter valued at approximately $16,320,000. Nuveen Asset Management LLC bought a new position in Shutterfly in the second quarter valued at approximately $14,131,000. JPMorgan Chase & Co. increased its position in shares of Shutterfly by 2,833.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 285,003 shares of the technology company’s stock worth $14,402,000 after purchasing an additional 275,286 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Shutterfly by 3,329.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 261,517 shares of the technology company’s stock worth $10,628,000 after purchasing an additional 253,891 shares during the last quarter.

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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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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