Shutterfly, Inc. (NASDAQ:SFLY) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.67.
Separately, BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of Shutterfly by 138.9% in the second quarter. Tower Research Capital LLC TRC now owns 540 shares of the technology company’s stock valued at $27,000 after purchasing an additional 314 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in Shutterfly in the second quarter valued at about $75,000. Public Employees Retirement System of Ohio lifted its position in shares of Shutterfly by 12.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,976 shares of the technology company’s stock valued at $100,000 after acquiring an additional 224 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Shutterfly during the 2nd quarter valued at approximately $168,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Shutterfly during the 2nd quarter worth approximately $220,000.
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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