Aegis Capital Believes Shutterfly (NASDAQ: SFLY) Still Has Room to Grow

Aegis Capital analyst Victor Anthony maintained a Buy rating on Shutterfly (NASDAQ: SFLY) yesterday and set a price target of $105. The company’s shares closed yesterday at $92.35, close to its 52-week high of $95.99.

According to TipRanks.com, Anthony is a top 100 analyst with an average return of 17.6% and a 67.9% success rate. Anthony covers the Services sector, focusing on stocks such as Qurate Retail Group Inc, Pandora Media, and Cimpress.

Currently, the analyst consensus on Shutterfly is Moderate Buy and the average price target is $90.67, representing a -1.8% downside.

In a report issued on May 2, SunTrust Robinson also maintained a Buy rating on the stock with a $100 price target.

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The company has a one-year high of $95.99 and a one-year low of $39.76. Currently, Shutterfly has an average volume of 909.4K.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. Earlier this month, 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.