Shutterfly Sees Unusually High Options Volume (SFLY)

Shutterfly, Inc. (NASDAQ:SFLY) saw unusually large options trading activity on Thursday. Traders acquired 1,764 call options on the company. This is an increase of approximately 1,905% compared to the average volume of 88 call options.

In other news, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total value of $1,057,500.00. Following the transaction, the senior vice president now owns 38,221 shares of the company’s stock, valued at approximately $1,616,748.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $48.85, for a total transaction of $349,863.70. Following the completion of the transaction, the senior vice president now directly owns 7,162 shares in the company, valued at approximately $349,863.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,719 shares of company stock worth $3,046,475. 0.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in Shutterfly during the 3rd quarter valued at $112,000. Riverhead Capital Management LLC grew its holdings in Shutterfly by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after purchasing an additional 931 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Shutterfly during the 2nd quarter valued at $119,000. SG Americas Securities LLC acquired a new stake in Shutterfly during the 3rd quarter valued at $162,000. Finally, Pinebridge Investments L.P. grew its holdings in Shutterfly by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after purchasing an additional 60 shares in the last quarter.

A number of equities analysts have recently commented on SFLY shares. Aegis reissued a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 target price on shares of Shutterfly in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.50.

Shares of Shutterfly (SFLY) opened at $47.61 on Tuesday. The firm has a market cap of $1,544.14, a price-to-earnings ratio of 75.85 and a beta of 0.84. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $53.99.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.01. The business had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned ($0.86) EPS. research analysts predict that Shutterfly will post 0.45 EPS for the current year.

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About Shutterfly

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.

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