Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Shutterfly (SFLY) Stock Price

News headlines about Shutterfly (NASDAQ:SFLY) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Shutterfly earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.7696840026944 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

SFLY has been the topic of several research analyst reports. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Aegis reiterated a “buy” rating and set a $57.00 price target on shares of Shutterfly in a report on Wednesday, December 27th. Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Finally, BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.60.

Shares of Shutterfly (NASDAQ SFLY) opened at $50.68 on Tuesday. The stock has a market capitalization of $1,660.68, a PE ratio of 266.74 and a beta of 0.84. Shutterfly has a 1-year low of $39.76 and a 1-year high of $53.99.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The business had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. During the same period in the previous year, the company earned ($0.86) EPS. The firm’s revenue was up 4.3% on a year-over-year basis. equities research analysts expect that Shutterfly will post 0.45 EPS for the current year.

In related news, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total value of $1,057,500.00. Following the completion of the sale, the senior vice president now directly owns 38,221 shares in the company, valued at approximately $1,616,748.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.78, for a total value of $29,320.82. Following the completion of the sale, the chief accounting officer now owns 1,900 shares of the company’s stock, valued at $77,482. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,003 shares of company stock valued at $3,060,675. Corporate insiders own 0.80% of the company’s stock.

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About Shutterfly

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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