Media coverage about Shutterfly (NASDAQ:SFLY) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shutterfly earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.5461119387652 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Spark Investment Management LLC Invests $1.19 Million in Shutterfly, Inc. (SFLY) Stock (americanbankingnews.com)
- Landscape Capital Management L.L.C. Acquires New Holdings in Shutterfly, Inc. (SFLY) (americanbankingnews.com)
- Shutterfly, Inc. (SFLY) Stake Raised by Maverick Capital Ltd. (americanbankingnews.com)
- CSS Industries (CSS) & Shutterfly (SFLY) Critical Analysis (americanbankingnews.com)
- Michele Anderson Sells 4,187 Shares of Shutterfly, Inc. (SFLY) Stock (americanbankingnews.com)
Shares of Shutterfly (NASDAQ:SFLY) opened at $81.01 on Monday. Shutterfly has a 1-year low of $39.76 and a 1-year high of $81.05. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,630.00, a P/E ratio of 207.72 and a beta of 0.93.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business had revenue of $593.80 million for the quarter, compared to analyst estimates of $556.40 million. During the same quarter in the previous year, the business earned $2.63 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. analysts forecast that Shutterfly will post 2.09 EPS for the current fiscal year.
Shutterfly announced that its board has initiated a share buyback plan on Tuesday, January 30th that permits the company to buyback outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
SFLY has been the subject of several recent research reports. Aegis reissued a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research note on Wednesday, December 27th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. BidaskClub raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. SunTrust Banks increased their target price on shares of Shutterfly to $60.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, Goldman Sachs Group lowered shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and a consensus price target of $56.88.
In other Shutterfly news, SVP Tracy Layney sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.34, for a total value of $68,690.16. Following the transaction, the senior vice president now owns 27,410 shares in the company, valued at approximately $2,037,659.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Michele Anderson sold 4,187 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $75.97, for a total transaction of $318,086.39. Following the completion of the transaction, the senior vice president now owns 12,041 shares in the company, valued at approximately $914,754.77. The disclosure for this sale can be found here. Insiders have sold 242,157 shares of company stock worth $16,715,016 in the last 90 days. 0.80% of the stock is owned by company insiders.
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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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