Shutterfly, Inc. (SFLY) Trades at $82.81 Forming Double Top Pattern

April 17, 2018 - By Mary Markley

Shutterfly, Inc. (NASDAQ:SFLY) Corporate Logo

Big Money Sentiment increased to 1.09 in Q4 2017. It has change of 0.08, from 2017Q3’s 1.01. The ratio improved due to Shutterfly, Inc. positioning: 23 sold and 54 reduced. 30 funds acquired stakes and 54 increased stakes. Investors holded 33.36 million in 2017Q3 but now own 33.16 million shares or 0.61% less.
Convergence Investment Prtnrs Ltd Liability Corporation has invested 0.18% in Shutterfly, Inc. (NASDAQ:SFLY). Assetmark has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 11 shs. Cim Mangement Inc has 6,781 shs for 0.12% of their capital. Royal Bank Of Canada holds 0% or 811 shs. Ancora Advsrs Ltd Liability Company holds 0.58% or 220,360 shs in its capital. Aperio Group Inc Limited Com accumulated 15,865 shs. Arrowstreet Capital Partnership owns 62,647 shs. Hawk Ridge Cap Mgmt Lp invested in 202,400 shs or 3.35% of the stock. Laurion Cap Mngmt Limited Partnership holds 6,890 shs or 0% of its capital. Matarin Cap Ltd Liability Corp holds 118,285 shs or 0.46% of its capital. Employees Retirement Association Of Colorado invested in 6,298 shs or 0% of the stock. Hhr Asset Management Limited Liability Corporation reported 438,371 shs. Citadel Ltd Liability Corporation has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 113,077 shs. 76,434 are owned by Parallax Volatility Advisers Lp. Point72 Asset Mgmt L P holds 298,754 shs.

Shutterfly, Inc. registered $30.98 million net activity with 0 insider buys and 23 insider sales since October 18, 2017. On Monday, March 5 $1.53M worth of stock was sold by MENON SATISH. Lokuge Ishantha had sold 1,098 shs worth $81,625 on Wednesday, February 14. $1.37 million worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by Black Dwayne A on Friday, March 9. On Friday, March 9 $83,695 worth of stock was sold by BLACKWOOD-KAPRAL LISA. $802,485 worth of Shutterfly, Inc. (NASDAQ:SFLY) shs were sold by LAYNEY TRACY. $1.47M worth of stock was sold by POPE MICHAEL W on Friday, October 27.

The double top technical setup of Shutterfly, Inc. (SFLY) has $85.29 price target or 3.00 % above today’s $82.81 share price. The $2.74B company reviews low risk because of the 5 months technical setup. Finviz.com reported this technical setup on Apr, 17. If our $85.29 price target is hit SFLY’s valuation can change by $82.26M.

SFLY reached $82.81 on during the last trading session after $0.75 change.Shutterfly, Inc. has volume of 115,296 shares. Since April 17, 2017 SFLY has risen 76.18% and is uptrending. SFLY outperformed the S&P 500 by 64.63%.

Analysts await Shutterfly, Inc. (NASDAQ:SFLY) to report earnings on April, 24. They expect $-0.95 EPS, down 13.10 % or $0.11 from last year’s $-0.84 per share. After $3.11 actual EPS reported by Shutterfly, Inc. for the previous quarter, Wall Street now forecasts -130.55 % negative EPS growth.

Shutterfly, Inc. (NASDAQ:SFLY) Ratings Coverage

In total 3 analysts cover Shutterfly (NASDAQ:SFLY). “Buy” rating has 2, “Sell” are 1, while 0 are “Hold”. 67% are bullish. With $70.0 highest and $46.0 lowest [Target] Shutterfly has $57.67 average [Target] or -30.36% below the current ($82.81) price. 4 are the (NASDAQ:SFLY)’s analyst reports since October 20, 2017 according to StockzIntelligence Inc. On Tuesday, January 30 the firm has “Buy” rating by SunTrust given. On Friday, October 20 the company was maintained by RBC Capital Markets. On Friday, January 12 the stock has “Buy” rating by SunTrust. On Wednesday, January 17 the stock of Shutterfly, Inc. (NASDAQ:SFLY) earned “Sell” rating by Goldman Sachs.

Shutterfly, Inc. (NASDAQ:SFLY) Institutional Investors Chart

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