Dennis Gregory Hintz Sells 1,047 Shares of Shutterfly, Inc. (NASDAQ:SFLY) Stock

Shutterfly, Inc. (NASDAQ:SFLY) SVP Dennis Gregory Hintz sold 1,047 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $50.54, for a total transaction of $52,915.38. Following the completion of the sale, the senior vice president now directly owns 4,451 shares of the company’s stock, valued at approximately $224,953.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Shutterfly stock traded up $0.07 during trading hours on Wednesday, reaching $50.62. 346,649 shares of the company’s stock were exchanged, compared to its average volume of 946,091. Shutterfly, Inc. has a 1 year low of $35.08 and a 1 year high of $91.53. The stock has a market capitalization of $1.73 billion, a P/E ratio of 16.60 and a beta of 1.20. The firm has a fifty day moving average price of $49.99. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 1.13.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.53) by $0.06. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The business had revenue of $324.68 million during the quarter, compared to analyst estimates of $323.12 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The company’s revenue for the quarter was up 62.6% compared to the same quarter last year. As a group, research analysts anticipate that Shutterfly, Inc. will post 0.81 EPS for the current fiscal year.

SFLY has been the subject of several recent analyst reports. Aegis lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Zacks Investment Research raised shares of CannTrust from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Wednesday. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Shutterfly currently has a consensus rating of “Hold” and an average price target of $53.83.

Several institutional investors have recently added to or reduced their stakes in SFLY. Towerview LLC acquired a new position in shares of Shutterfly during the 1st quarter valued at about $102,000. Amalgamated Bank acquired a new position in shares of Shutterfly during the 4th quarter valued at about $209,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Shutterfly during the 1st quarter valued at about $237,000. BNP Paribas Arbitrage SA boosted its position in shares of Shutterfly by 879.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,747 shares of the technology company’s stock valued at $315,000 after acquiring an additional 6,956 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Shutterfly during the 1st quarter valued at about $320,000.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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