Shutterfly, Inc. (NASDAQ:SFLY) SVP Scott Arnold sold 52,017 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $89.65, for a total transaction of $4,663,324.05. Following the sale, the senior vice president now directly owns 12,543 shares in the company, valued at $1,124,479.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Shutterfly traded down $0.04, hitting $86.67, during trading on Thursday, Marketbeat.com reports. The company had a trading volume of 410,626 shares, compared to its average volume of 904,279. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 82.58 and a beta of 0.98. Shutterfly, Inc. has a 52 week low of $39.76 and a 52 week high of $100.34.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.22. The company had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $192.02 million. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. Shutterfly’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.84) earnings per share. sell-side analysts forecast that Shutterfly, Inc. will post 3.03 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird upped their price target on Shutterfly from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, July 6th. ValuEngine cut Shutterfly from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $111.00 price target on shares of Shutterfly in a research report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Shutterfly has a consensus rating of “Hold” and an average target price of $88.00.
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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