KeyBanc Thinks Shutterfly’s Stock is Going to Recover

KeyBanc analyst Edward Yruma upgraded Shutterfly (SFLYResearch Report) to Buy today and set a price target of $55. The company’s shares closed yesterday at $41.21, close to its 52-week low of $35.08.

According to TipRanks.com, Yruma is a 4-star analyst with an average return of 2.9% and a 49.2% success rate. Yruma covers the Services sector, focusing on stocks such as Weight Watchers International, Blue Apron Holdings Inc, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Shutterfly is a Strong Buy with an average price target of $69.50.

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Based on Shutterfly’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $73.54 million. In comparison, last year the company had a net profit of $112 million.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock.

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