Insider Selling: Shutterfly, Inc. (SFLY) Insider Sells 1,250 Shares of Stock

Shutterfly, Inc. (NASDAQ:SFLY) insider Lisa Blackwood-Kapral sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the transaction, the insider now owns 1,250 shares in the company, valued at $58,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Shutterfly, Inc. (NASDAQ SFLY) traded down 2.23% during mid-day trading on Thursday, reaching $45.64. The company’s stock had a trading volume of 337,677 shares. Shutterfly, Inc. has a 12-month low of $41.91 and a 12-month high of $53.99. The stock has a market capitalization of $1.52 billion, a P/E ratio of 278.29 and a beta of 0.85. The company’s 50-day moving average price is $47.42 and its 200-day moving average price is $48.17.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by $0.13. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The firm had revenue of $209.03 million during the quarter, compared to the consensus estimate of $209.46 million. During the same period in the previous year, the firm earned ($0.48) EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Shutterfly, Inc. will post $0.47 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in SFLY. Elkfork Partners LLC purchased a new stake in Shutterfly during the first quarter worth about $116,000. Riverhead Capital Management LLC increased its stake in Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after buying an additional 931 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Shutterfly during the second quarter worth about $119,000. LS Investment Advisors LLC increased its stake in Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after buying an additional 1,648 shares during the last quarter. Finally, Meadow Creek Investment Management LLC purchased a new stake in Shutterfly during the first quarter worth about $141,000.

Several research analysts recently weighed in on SFLY shares. BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Aegis restated a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research report on Wednesday, April 26th. Royal Bank Of Canada upped their price objective on shares of Shutterfly from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Cantor Fitzgerald restated a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research report on Tuesday, May 16th. Finally, Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.10.

Shutterfly Company Profile

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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