Brokerage firm Barclays Maintains its rating on Shutterfly(NASDAQ:SFLY). In a research note issued to the investors, the brokerage major Raises the price-target to $48.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 28, 2016.
In a different note, On Jul 20, 2016, Axiom Capital said it Downgrades its rating on Shutterfly. The shares have been rated ‘Hold’ by the firm.
Shutterfly (SFLY) made into the market gainers list on Thursdays trading session with the shares advancing 0.67% or 0.35 points. Due to strong positive momentum, the stock ended at $52.46, which is also near the day’s high of $52.61. The stock began the session at $52.07 and the volume stood at 7,46,945 shares. The 52-week high of the shares is $54.6 and the 52 week low is $35.22. The company has a current market capitalization of $1,808 M and it has 3,44,60,351 shares in outstanding.
Shutterfly(SFLY) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $203.96M. Analysts had an estimated revenue of $200.73M. Earnings per share were $-0.48. Analysts had estimated an EPS of $-0.65.
Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Tracy Layney (SVP, Chief HR Officer) sold 13,066 shares at $46.90 per share price.Also, On May 20, 2016, John Boris (SVP, Chief Marketing Officer) sold 13,415 shares at $45.58 per share price.On Mar 29, 2016, Lisa Blackwood-kapral (Chief Accounting Officer) sold 2,005 shares at $45.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Shutterfly Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Companys segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands including Shutterfly Tiny Prints Wedding Paper Divas ThisLife MyPublisher and BorrowLenses. The Company produces and sells bound photo books greeting and stationery cards personalized calendars other photo-based merchandise and prints. It sells a range of photo-based merchandise such as calendars mugs canvas prints mouse pads magnets and puzzles. The Consumer segment sells photo-based products such as photo books stationery and greeting cards other photo-based merchandise photo prints and also ships as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.