November 30, 2016 - By Ellis Scott
Aegis Capital has started its coverage on Shutterfly (NASDAQ:SFLY), today Wednesday morning. The firm finds the stock of SFLY attractive and has target of $62.00 with “Buy” rating.
Out of 9 analysts covering Shutterfly (NASDAQ:SFLY), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $52 is the highest target while $40 is the lowest. The $48.86 average target is -4.08% below today’s ($50.94) stock price. Shutterfly has been the topic of 18 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. Axiom Capital upgraded Shutterfly, Inc. (NASDAQ:SFLY) on Thursday, October 27 to “Buy” rating. On Thursday, February 4 the stock rating was downgraded by Bank of America to “Neutral”. The rating was maintained by Barclays Capital on Thursday, July 30 with “Equal Weight”. The rating was maintained by Axiom Capital with “Buy” on Saturday, August 29. The stock has “Buy” rating given by Axiom Capital on Thursday, August 13. The stock has “Buy” rating given by Needham on Thursday, February 4. Axiom Capital maintained the shares of SFLY in a report on Thursday, February 4 with “Buy” rating. The firm has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, April 28.
About 135,733 shares traded hands. Shutterfly, Inc. (NASDAQ:SFLY) has risen 9.41% since April 27, 2016 and is uptrending. It has outperformed by 4.19% the S&P500.
Analysts await Shutterfly, Inc. (NASDAQ:SFLY) to report earnings on February, 1. They expect $2.78 EPS, down 22.13% or $0.79 from last year’s $3.57 per share. SFLY’s profit will be $94.41M for 4.58 P/E if the $2.78 EPS becomes a reality. After $-0.86 actual EPS reported by Shutterfly, Inc. for the previous quarter, Wall Street now forecasts -423.26% EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.53, from 0.72 in 2016Q1. The ratio is positive, as 27 funds sold all Shutterfly, Inc. shares owned while 60 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 31.02 million shares or 4.26% less from 32.40 million shares in 2016Q1.
Hbk Invests Lp last reported 51,700 shares in the company. Convergence Ltd Llc last reported 88,768 shares in the company. Blackrock has 2,986 shares for 0% of their US portfolio. Federated Invsts Pa has 0.01% invested in the company for 55,900 shares. Blackrock Institutional Trust Na, a California-based fund reported 900,079 shares. Legal General Grp Inc Public Limited Company owns 7,748 shares or 0% of their US portfolio. The Connecticut-based Matarin Capital Mgmt Lc has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Ulysses Lc, a New York-based fund reported 612,288 shares. Huntington Bancorporation holds 0% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY) for 31 shares. Comerica Bancorp holds 0.01% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY) for 28,559 shares. Moreover, Jpmorgan Chase And has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 320 shares. California Public Employees Retirement Sys accumulated 73,000 shares or 0.01% of the stock. Blackrock Inv Ltd Liability Company last reported 128,890 shares in the company. The California-based Primecap Mgmt Ca has invested 0.27% in Shutterfly, Inc. (NASDAQ:SFLY). Tfs Cap Ltd Liability Corp last reported 0.22% of its portfolio in the stock.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 11 selling transactions for $4.47 million net activity. Another trade for 3,259 shares valued at $163,015 was made by Lokuge Ishantha on Monday, August 15. Shares for $38,623 were sold by BLACKWOOD-KAPRAL LISA. 4,900 Shutterfly, Inc. (NASDAQ:SFLY) shares with value of $249,900 were sold by MATHER ANN. Wiley Roland Karl sold $324,365 worth of stock. $1.26 million worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by MENON SATISH. HUGHES THOMAS DAVID also sold $51,610 worth of Shutterfly, Inc. (NASDAQ:SFLY) on Monday, August 8. $1.68 million worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by POPE MICHAEL W.
Shutterfly, Inc. is a manufacturer and digital retailer of personalized services and products offered through a family of lifestyle brands. The company has a market cap of $1.73 billion. The Firm offers a range of personalized photo services and products. It has a 33.18 P/E ratio. The Company’s divisions include Consumer, Enterprise and corporate.
According to Zacks Investment Research, “Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly provides a range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Shutterfly, Shutterfly.com and Collections are trademarks of Shutterfly, Inc. Its primary focus is on helping consumers manage their memories through the powerful medium of photos. We provide a full range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Consumers use its products and services to stay connected to their friends and family, to organize their memories in a single location, to tell stories and to preserve their memories for themselves and their children.”
Shutterfly, Inc., incorporated on April 23, 1999, is a maker and digital retailer of personalized services and products offered through a family of lifestyle brands. The Firm offers a range of personalized photo services and products. The Company’s divisions include Consumer, Enterprise and corporate. The Company’s services and products are offered through brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Shutterfly brand includes photo books, personalized holiday cards, announcements, invitations and stationery, as well as custom home decor products and photo gifts. The Shutterfly brand also includes online photo service.
More recent Shutterfly, Inc. (NASDAQ:SFLY) news were published by: Fool.com which released: “Why Shutterfly, Inc. Stock Fell 11.1% in September” on October 11, 2016. Also Marketwatch.com published the news titled: “Amazon’s UK chief named CEO of Shutterfly” on March 17, 2016. 247Wallst.com‘s news article titled: “Does Jeff Bezos Really Want to Squash Shutterfly?” with publication date: September 21, 2016 was also an interesting one.
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By Ellis Scott