Shutterfly (SFLY) Cut to “C+” at TheStreet

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Shutterfly (NASDAQ:SFLY) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Tuesday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Monday, August 6th. BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Robert W. Baird raised their target price on shares of Shutterfly from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, July 6th. SunTrust Banks reissued a “buy” rating and issued a $111.00 target price on shares of Shutterfly in a research note on Tuesday, June 5th. Finally, ValuEngine lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $95.00.

NASDAQ:SFLY opened at $73.73 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.66 and a current ratio of 1.72. Shutterfly has a 52 week low of $39.76 and a 52 week high of $100.34. The stock has a market cap of $2.60 billion, a PE ratio of 70.22, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.96. Shutterfly had a return on equity of 13.03% and a net margin of 2.26%. The company had revenue of $443.37 million for the quarter, compared to analysts’ expectations of $438.30 million. analysts expect that Shutterfly will post 2.69 EPS for the current fiscal year.

In related news, SVP Michele Anderson sold 9,030 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $75.95, for a total transaction of $685,828.50. Following the completion of the transaction, the senior vice president now owns 9,030 shares in the company, valued at $685,828.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 435 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.72, for a total transaction of $32,068.20. Following the transaction, the chief accounting officer now owns 1,250 shares of the company’s stock, valued at approximately $92,150. The disclosure for this sale can be found here. Insiders sold a total of 106,883 shares of company stock valued at $9,455,677 in the last quarter. 0.80% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Shutterfly by 1.8% during the first quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock worth $20,662,000 after purchasing an additional 4,596 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Shutterfly in the second quarter valued at $1,821,000. Quantitative Systematic Strategies LLC lifted its position in Shutterfly by 13.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 8,553 shares of the technology company’s stock valued at $770,000 after acquiring an additional 995 shares during the last quarter. SG Americas Securities LLC lifted its position in Shutterfly by 5,213.7% in the second quarter. SG Americas Securities LLC now owns 140,920 shares of the technology company’s stock valued at $12,687,000 after acquiring an additional 138,268 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in Shutterfly by 48.8% in the first quarter. Penserra Capital Management LLC now owns 191,526 shares of the technology company’s stock valued at $15,561,000 after acquiring an additional 62,812 shares during the last quarter.

About Shutterfly

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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