November 30, 2016 - By Nellie Frank
Stock research analysts at Aegis Capital initiated coverage on Shutterfly (NASDAQ:SFLY) with Buy rating. This was sent to investors and clients in a research report on Wednesday morning.
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 -4.48% below today’s ($51.15) stock price. Shutterfly has been the topic of 18 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Friday, February 19, the company rating was maintained by Axiom Capital. The firm has “Equal Weight” rating given on Thursday, July 30 by Barclays Capital. The stock of Shutterfly, Inc. (NASDAQ:SFLY) earned “Outperform” rating by RBC Capital Markets on Thursday, April 28. The company was maintained on Thursday, February 4 by Needham. Barclays Capital maintained Shutterfly, Inc. (NASDAQ:SFLY) rating on Thursday, April 28. Barclays Capital has “Equal-Weight” rating and $45 price target. The rating was maintained by Axiom Capital with “Buy” on Thursday, February 4. On Wednesday, July 20 the stock rating was downgraded by Axiom Capital to “Hold”. The firm has “Neutral” rating by Goldman Sachs given on Thursday, April 28. Axiom Capital maintained it with “Buy” rating and $52 target price in Saturday, August 29 report. The rating was upgraded by Axiom Capital to “Buy” on Thursday, October 27.
About 34,625 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 $94.57 million for 4.60 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 improved, 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.
The California-based Menta Capital Ltd Limited Liability Company has invested 0.04% in Shutterfly, Inc. (NASDAQ:SFLY). California Employees Retirement System last reported 0.01% of its portfolio in the stock. State Board Of Administration Of Florida Retirement System accumulated 23,219 shares or 0% of the stock. Boothbay Fund Management Limited Liability Corporation, a New York-based fund reported 43,453 shares. Blackrock holds 2,986 shares or 0% of its portfolio. Gotham Asset Mngmt Limited Liability Corp last reported 0.03% of its portfolio in the stock. Connors Investor has invested 0.51% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 10,719 shares. Hhr Asset Management Limited Liability has 1.42% invested in the company for 598,829 shares. Guggenheim Cap Limited Liability Com, a Illinois-based fund reported 34,820 shares. Moreover, Citadel Ltd Liability has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 23,414 shares. Moreover, Art Lc has 0.04% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 15,681 shares. The United Kingdom-based Cantab Prtn Limited Liability Partnership has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Fine Lp holds 1.43 million shares or 7.42% of its portfolio. American Int Group Incorporated owns 19,893 shares or 0% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 11 selling transactions for $4.47 million net activity. MATHER ANN had sold 4,900 shares worth $249,900. 25,000 shares were sold by MENON SATISH, worth $1.26M. 7,500 shares with value of $324,365 were sold by Wiley Roland Karl on Wednesday, October 19. Lokuge Ishantha had sold 7,500 shares worth $324,813. Another trade for 35,000 shares valued at $1.68 million was made by POPE MICHAEL W on Thursday, October 27. The insider BLACKWOOD-KAPRAL LISA sold $24,010. The insider HUGHES THOMAS DAVID sold $51,610.
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 $1.74 billion. The Firm offers a range of personalized photo services and products. It has a 33.31 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 Nellie Frank