Shutterfly, Inc. (SFLY) Given Average Rating of "Hold" by Analysts

The firm's revenue for the quarter was up 4.3% on a year-over-year basis. "See our recent note We See Multiple Expansion On '18 Margin Expansion, FCF Growth, Increasing ROIC, Buybacks (link)". BidaskClub downgraded Shutterfly from a "sell" rating to a "strong sell" rating in a report on Saturday, August 5th.

Shutterfly shares have fallen nearly 3 percent since the beginning of the year. They issued a "buy" rating and a $56.00 price objective for the company. BlackRock Fund Advisors is the second biggest holder with 3 million shares now valued at 142.15 million whilst Vanguard Group Inc has 3 million shares valued at 137.90 million.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of "Hold" and a consensus price target of $53.36. Barclays PLC lifted their target price on Shutterfly from $45.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, July 28th. There has been an observed change of 0.00% in the ownership of the shares in the past six months.

This particular stock's 5-day moving average is 47.93, its 20-day moving average is 48.54 and its 100-day moving average is 47.55.

The company has a one-year high of $53.99 and a one-year low of $41.91.

For the current quarter ending in December, Shutterfly said it expects revenue in the range of $538 million to $568 million. The technology company reported ($0.78) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.01. (NASDAQ:SFLY), 0 rate it "Buy", 3 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". The company had revenue of $195.44 million for the quarter, compared to analysts' expectations of $191.65 million. During current year the company's forecasts over growth are -8.9% while for the next year analysts' growth estimation is 253.7%. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & worldwide trademark & copyright laws. The original version of this piece can be viewed at

In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of the firm's stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $48.30, for a total transaction of $31,105.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jason Sebring sold 644 shares of Shutterfly stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.56, for a total value of $58,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,894 shares of company stock worth $576,159. After a recent check, it is observed that the insiders for the firm now own 0.20% shares.

SFLY has been the subject of several research reports. Those institutional holdings amount to $1.78 billion. Pacad Investment Ltd. purchased a new stake in shares of Shutterfly during the first quarter worth $427,000. EastBay Asset Management LLC grew its holdings in Shutterfly by 0.6% during the 2nd quarter. The Weekly and Monthly Volatility stands at 2.78% and 1.81%. Pinebridge Investments L.P. boosted its holdings in Shutterfly by 1.4% during the 2nd quarter. Also, SVP Ishantha Lokuge sold 2,838 shares of the stock in a transaction on Tuesday, October 17th. Finally, Amalgamated Bank boosted its holdings in Shutterfly by 8.2% during the 1st quarter. However, shares of the company underperformed its industry year to date. Primecap Management Co/Ca/ owns $248.81 million in Shutterfly, Inc., which represents roughly 16.93% of the company's market cap and approximately 14.1% of the institutional ownership.

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