Shutterfly, Inc. (SFLY) Short Interest Up 34.1% in May

Shutterfly, Inc. (NASDAQ:SFLY) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 5,081,875 shares, a growth of 34.1% from the April 30th total of 3,789,382 shares. Approximately 15.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,257,101 shares, the days-to-cover ratio is currently 4.0 days.

Several equities research analysts have commented on SFLY shares. BidaskClub raised shares of Shutterfly from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Zacks Investment Research lowered shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Robert W. Baird boosted their price objective on shares of Shutterfly to $85.00 and gave the stock a “neutral” rating in a research note on Friday, April 6th. Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $87.00 in a research note on Wednesday, May 2nd. Finally, SunTrust Banks boosted their price objective on shares of Shutterfly to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $86.33.

In other Shutterfly news, Director Betsy Rafael sold 3,472 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $93.02, for a total transaction of $322,965.44. Following the sale, the director now directly owns 8,615 shares of the company’s stock, valued at approximately $801,367.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Boris sold 23,907 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $79.39, for a total transaction of $1,897,976.73. Following the sale, the senior vice president now directly owns 7,500 shares in the company, valued at $595,425. The disclosure for this sale can be found here. Insiders have sold a total of 100,399 shares of company stock worth $9,049,190 over the last three months. Insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC grew its stake in Shutterfly by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 102,111 shares of the technology company’s stock valued at $5,080,000 after buying an additional 694 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Shutterfly by 13.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock valued at $301,000 after buying an additional 714 shares during the last quarter. Profund Advisors LLC grew its stake in Shutterfly by 20.3% in the 1st quarter. Profund Advisors LLC now owns 6,612 shares of the technology company’s stock valued at $537,000 after buying an additional 1,114 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Shutterfly by 5.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 21,888 shares of the technology company’s stock valued at $1,778,000 after buying an additional 1,149 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Shutterfly by 13.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 11,187 shares of the technology company’s stock valued at $909,000 after buying an additional 1,342 shares during the last quarter.

Shares of Shutterfly stock traded down $0.48 during trading on Thursday, hitting $95.51. 530,100 shares of the stock were exchanged, compared to its average volume of 1,001,853. Shutterfly has a 1-year low of $39.76 and a 1-year high of $100.34. The firm has a market capitalization of $3.22 billion, a PE ratio of 90.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.58 and a quick ratio of 1.56.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, May 1st. The technology company reported ($0.73) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.22. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. The business had revenue of $199.70 million for the quarter, compared to analyst estimates of $192.02 million. During the same quarter in the prior year, the business earned ($0.84) EPS. Shutterfly’s quarterly revenue was up 4.0% on a year-over-year basis. analysts expect that Shutterfly will post 3.03 EPS for the current year.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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