Shutterfly (SFLY) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 56 from a previous price target of $55 . Needham advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on Shutterfly. Axiom Capital Downgraded Shutterfly on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $52.
On the company’s financial health, Shutterfly reported $-0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.66. The company had revenue of $204.00 million for the quarter, compared to analysts expectations of $200.06 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.63 EPS.
Shutterfly opened for trading at $51.43 and hit $54.6 on the upside on Thursday, eventually ending the session at $53.18, with a gain of 7.59% or 3.75 points. The heightened volatility saw the trading volume jump to 9,75,220 shares. Company has a market cap of $1,833 M.
In a different news, on Jun 21, 2016, Tracy Layney (SVP, Chief HR Officer) sold 13,066 shares at $46.90 per share price. According to the SEC, 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.