Shutterfly (SFLY) Downgraded by BidaskClub to “Strong Sell”

BidaskClub downgraded shares of Shutterfly (NASDAQ:SFLY) from a sell rating to a strong sell rating in a research report report published on Thursday.

A number of other analysts have also recently weighed in on SFLY. ValuEngine cut shares of Shutterfly from a buy rating to a hold rating in a report on Thursday, November 15th. SunTrust Banks reaffirmed a buy rating and issued a $90.00 price objective on shares of Shutterfly in a report on Wednesday, November 14th. Zacks Investment Research raised shares of Shutterfly from a sell rating to a hold rating in a report on Thursday, November 15th. Aegis reaffirmed a buy rating and issued a $78.00 price objective (down previously from $100.00) on shares of Shutterfly in a report on Friday, November 30th. Finally, Robert W. Baird dropped their price objective on shares of Shutterfly from $70.00 to $55.00 and set a neutral rating on the stock in a report on Wednesday, December 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $70.40.

Shares of NASDAQ:SFLY traded up $0.19 on Thursday, reaching $41.16. 2,994 shares of the company’s stock were exchanged, compared to its average volume of 883,484. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 2.53 and a beta of 1.41. Shutterfly has a fifty-two week low of $35.08 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.76 and a current ratio of 1.80.



Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, February 5th. The technology company reported $5.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.28 by ($0.09). The business had revenue of $949.97 million for the quarter, compared to analyst estimates of $951.60 million. Shutterfly had a return on equity of 18.78% and a net margin of 2.57%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period last year, the company posted $3.11 earnings per share. Sell-side analysts expect that Shutterfly will post 0.74 EPS for the current fiscal year.

In other Shutterfly news, SVP Tracy Layney sold 4,926 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $46.25, for a total transaction of $227,827.50. Following the transaction, the senior vice president now owns 23,535 shares of the company’s stock, valued at approximately $1,088,493.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Satish Menon sold 5,216 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $45.93, for a total transaction of $239,570.88. Following the transaction, the senior vice president now directly owns 4,750 shares in the company, valued at approximately $218,167.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,894 shares of company stock worth $1,366,426. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Shutterfly in the fourth quarter worth about $137,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Shutterfly in the fourth quarter valued at approximately $139,000. Point72 Hong Kong Ltd bought a new position in shares of Shutterfly in the third quarter valued at approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Shutterfly by 11.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,269 shares of the technology company’s stock valued at $172,000 after purchasing an additional 429 shares during the period. Finally, Amalgamated Bank bought a new position in shares of Shutterfly in the fourth quarter valued at approximately $209,000.

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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Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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