SunTrust Robinson Sticks to Their Buy Rating for Shutterfly

By Ryan Adsit

SunTrust Robinson analyst Youssef Squali reiterated a Buy rating on Shutterfly (NASDAQ: SFLY) today and set a price target of $111. The company’s shares opened today at $90.19.

Squali observed:

“We peg the Apple opportunity at ~$100M globally — if SFLY captures ~20% of it over time, that would represent ~200bps of additional growth in the Shutterfly brand business, which in 1Q18 grew at ~10% Y/Y.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.8% and a 74.0% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Trade Desk Inc, and Cimpress.

Shutterfly has an analyst consensus of Moderate Buy, with a price target consensus of $99.50.

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Based on Shutterfly’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $27.17 million. In comparison, last year the company had a GAAP net loss of $22.84 million.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, POPE MICHAEL W, the SVP & CFO of SFLY sold 22,975 shares for a total of $2,130,471.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Shutterfly, Inc. engages in the provision of digital personalized photo products and services. It operates through the Consumer and Shutterfly Business Solutions segments.