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SFLY

Shutterfly

$42.23

-0.72 (-1.68%)

15:34
04/25/19
04/25
15:34
04/25/19
15:34

Shutterfly options imply 13.4% move in share price post-earnings, above median historical move

Pre-earnings options volume in Shutterfly is 2.0x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 13.4%, or $5.65, after results are released. Median move over the past eight quarters is 7.5%.

  • 25

    Apr

  • 15

    May

SFLY Shutterfly
$42.23

-0.72 (-1.68%)

02/06/19
AGIS
02/06/19
NO CHANGE
Target $55
AGIS
Buy
Shutterfly investors' 'best bet' is to hang on in hopes for deal, says Aegis
Aegis analyst Victor Anthony said Shutterfly had an "eventful" evening yesterday, as the company reported revenue and adjusted EBITDA that missed his estimates, gave guidance that also missed his and consensus estimates, pushed out its synergy targets, announced the departure of its CEO and announced it had been approached about a potential acquisition and is exploring alternatives. Anthony, who notes that he previously highlighted Shutterfly as a potential acquisition target or the target of activist investors, believes that "the best bet for investors is to hang onto the shares in anticipation of an acquirer stepping in." A financial buyer could pay $60 per share, while a strategic acquirer could pay $70 per share, believes Anthony, who has a Buy rating and $55 price target on Shutterfly shares.
02/06/19
RHCO
02/06/19
NO CHANGE
Target $55
RHCO
Buy
Shutterfly price target lowered to $55 from $70 at SunTrust
SunTrust analyst Youssef Squali lowered his price target on Shutterfly to $55 after its latest earnings miss. The analyst keeps his Buy rating on the shares however, noting that its announced strategic review committee formation and CEO departure are appropriate at this juncture, adding that its risk-reward profile of 6.5-times enterprise value to EBITDA is also "attractive".
02/06/19
BARD
02/06/19
NO CHANGE
Target $45
BARD
Neutral
Shutterfly near-term risks elevated, says Baird
Baird analyst Colin Sebastian said Shutterfly disappointed in its most important seasonal quarter. The analyst noted the consumer segment revenues were below guidance once again, and he believes there is increasing pressure on management to integrate LifeTouch with the core Shutterfly business through revenue synergies. He also said the pending departure of the company's CEO and the board's strategic review could distract from the company's current strategic direction. Sebastian maintained his Neutral rating and lowered his price target to $45 from $55 on Shutterfly shares.
02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SNY

Sanofi

$42.65

0.19 (0.45%)

05:01
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AXELF

Axel Springer

$0.00

(0.00%)

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OTSKY

Otsuka

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LEN

Lennar

$53.01

-0.54 (-1.01%)

04:56
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KBH

KB Home

$26.21

-0.24 (-0.91%)

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  • 26

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VZ

Verizon

$57.63

-0.65 (-1.12%)

04:55
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Verizon to host sell side analyst meeting »

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CVS

CVS Health

$54.52

0.34 (0.63%)

04:55
06/18/19
06/18
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CVS Health participates in a conference call with JPMorgan »

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  • 18

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ARWR

Arrowhead

$26.43

0.62 (2.40%)

04:55
06/18/19
06/18
04:55
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04:55
Conference/Events
Arrowhead management to meet with Piper Jaffray »

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  • 18

    Jun

HRB

H&R Block

$28.34

-0.35 (-1.22%)

04:55
06/18/19
06/18
04:55
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Conference/Events
H&R Block management to meet with Northcoast »

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  • 18

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GIII

G-III Apparel

$25.67

-0.03 (-0.12%)

04:55
06/18/19
06/18
04:55
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G-III Apparel management to meet with KeyBanc »

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  • 18

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DEI

Douglas Emmett

$41.86

0.595 (1.44%)

04:55
06/18/19
06/18
04:55
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04:55
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Douglas Emmett management to meet with KeyBanc »

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  • 18

    Jun

BCOR

Blucora

$30.77

-0.98 (-3.09%)

04:55
06/18/19
06/18
04:55
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04:55
Conference/Events
Blucora management to meet with Craig-Hallum »

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  • 18

    Jun

KFY

Korn/Ferry

$45.71

-1.38 (-2.93%)

04:55
06/18/19
06/18
04:55
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04:55
Conference/Events
Korn/Ferry management to meet with SunTrust »

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  • 18

    Jun

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STL

Sterling Bancorp

$20.01

-0.35 (-1.72%)

04:55
06/18/19
06/18
04:55
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04:55
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Sterling Bancorp management to meet with Sandler ONeill »

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  • 18

    Jun

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VVI

Viad

$65.99

0.22 (0.33%)

04:55
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06/18
04:55
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Viad management to meet with Northcoast »

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  • 18

    Jun

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    Jun

MSFT

Microsoft

$132.89

0.47 (0.35%)

, EMKR

Emcore

$3.48

-0.01 (-0.29%)

04:55
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MSFT

Microsoft

$132.89

0.47 (0.35%)

EMKR

Emcore

$3.48

-0.01 (-0.29%)

NOC

Northrop Grumman

$309.58

-0.02 (-0.01%)

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$354.90

7.71 (2.22%)

DASTY

Dassault Systemes

$0.00

(0.00%)

CW

Curtiss-Wright

$116.76

-0.88 (-0.75%)

ERJ

Embraer

$19.15

-0.06 (-0.31%)

LMT

Lockheed Martin

$348.43

-1.8 (-0.51%)

UTX

United Technologies

$124.14

-1.16 (-0.93%)

RTN

Raytheon

$179.77

2.39 (1.35%)

03/08/13
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  • 23

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PLT

Poly

$43.05

-1.61 (-3.61%)

04:55
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Poly participates in an investor webinar with Northland Capital Markets »

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  • 18

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UPS

UPS

$101.40

-0.2 (-0.20%)

04:55
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UPS management to meet with Seaport Global »

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MED

Medifast

$139.50

2.11 (1.54%)

04:55
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Medifast management to meet with Sidoti »

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  • 18

    Jun

CPS

Cooper-Standard

$40.72

1.25 (3.17%)

04:55
06/18/19
06/18
04:55
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Cooper-Standard management to meet with Buckingham »

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  • 18

    Jun

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GHDX

Genomic Health

$52.13

0.99 (1.94%)

04:55
06/18/19
06/18
04:55
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Genomic Health management to meet with Piper Jaffray »

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  • 18

    Jun

  • 06

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NGVT

Ingevity

$90.88

0.665 (0.74%)

04:55
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04:55
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Ingevity management to meet with SunTrust »

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  • 18

    Jun

  • 19

    Jun

TREE

LendingTree

$394.96

8.94 (2.32%)

04:55
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LendingTree management to meet with Stephens »

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  • 18

    Jun

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    Nov

SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

, WWD

Woodward

$111.08

-0.67 (-0.60%)

04:55
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Jefferies to ho ld a field trip »

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SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

WWD

Woodward

$111.08

-0.67 (-0.60%)

BA

Boeing

$354.90

7.71 (2.22%)

HEI

Heico

$126.26

0.1 (0.08%)

RTN

Raytheon

$179.77

2.39 (1.35%)

HXL

Hexcel

$76.81

0.01 (0.01%)

ERJ

Embraer

$19.15

-0.06 (-0.31%)

03/08/13
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  • 09

    Jul

AMCX

AMC Networks

$55.06

0.27 (0.49%)

04:55
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06/18
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AMC Networks management to meet with FBN Securities »

Group Breakfast Meeting…

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  • 18

    Jun

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