“We maintain a BUY rating and $111 PT ahead of the 2Q18 print, due out Tuesday 8/7 post close. We believe results will be in line with expectations, but remind investors that while SFLY has posted improving core Shutterfly brand growth, relatively small dollar variations in the seasonally slow periods (like 2Q) can have an outsized impact on Y/Y growth metrics. We believe reiteration of FY18 guidance, with 10% Y/Y growth in 4Q Consumer revenue, and on track progress on the Lifetouch integration are of greater importance. SFLY remains attractive, trading at 8.6x EV/EBITDA on our 2019 estimates. Noise in consensus estimates due to purchase accounting. We expect consumer revenue of $171M (-4.3% Y/Y) SBS revenue of $40.4M (+9.7% Y/Y) and Lifetouch revenue of $207M (GAAP) in line with the midpoint of guidance of $170M/$42M/$207M, respectively.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 20.7% and a 71.2% 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 $103.67.
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.
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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.