Type of business | Public |
---|---|
Traded as | NASDAQ: SFLY |
Founded | 1999 (1999) |
Headquarters | Redwood City, California |
Chairman | Philip Marineau |
President | Christopher North |
CEO | Christopher North |
Key people | Christopher North (CEO) |
Industry | photograph-derived manufacture; photo sharing |
Slogan(s) | Helping Share Life's Joy. |
Website | Official website |
Alexa rank | 1,262 (October 2016) |
Shutterfly is an American Internet-based image publishing service based in Redwood City, California. Shutterfly's flagship product is its photo book line. The company was founded in 1999 and is currently led by Christopher North. The company went public in 2006. The customer base is heavily skewed toward women, who accounted for 80% of customers as reported in 2013.
Shutterfly's revenue derives from "turning digital snapshots into tangible things".
Shutterfly enables users to create personalized photo gifts (including photos and text) such as smartphone cases, photo books, wall art, and home décor. It competes with Snapfish, an online photo service.
In August 2014, the total number of customers was 2.6 million, reflecting an increase of 13% from the prior-year quarter. Total orders generated were 4.2 million, up 16% year over year. Average order value was $36.14, up 3% year over year driven by promotional strategies and integrated marketing campaigns adopted by the company. Their Q4 2013 earnings grew 17% year-over-year to $410.8 million and resulted in a 12% year-over-year increase in adjusted EBITDA despite a shortened holiday shopping season.
Shutterfly also partnered with Brit Morin, Michelle Workman and Olivia Palermo to showcase how to use their different products within a New York townhouse to create unique design opportunities. The project is called “Shutterfly by Design.”
Its company Tiny Prints has launched “Tiny Prints for iPad” in September 2014; a mobile version of their online stationery boutique the company acquired in 2011.
Shutterfly was founded in December 1999 as an internet-based social expression and personal publishing service. Its corporate headquarters are located in Redwood City, California. The company’s flagship product is its photo book line.
In 2000, Shutterfly partnered with Kodak to offer their customers film developing and scanning services. In 2012, the Shutterfly acquired Kodak Gallery from Eastman Kodak Co. for $23.8 million.
In 2001, Shutterfly secured $3 million in incremental capital which was used to expand its infrastructure. The funds include an equipment financing line from Silicon Valley bank. In 2002, the company exceeded its expected earnings and began considering an IPO for 2004 however, it did not take place until 2006. In September 2006, the completed their initial public offering and their common stock was officially listed on the NASDAQ Global Select Market under the symbol “SFLY."
In 2007 Shutterfly was recognized by Deloitte & Touche as Fast 50 Technology Company for Silicon Valley and a Fast 500 Company for North America. Shutterfly ranked #20 in the Internet, Media & Entertainment and Communication category on the Fast 50 list and ranked #241 on the Fast 500 list. The annual rankings identify technology, media, telecommunications and life sciences companies that have shown the fastest growth over the past year. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. Shutterfly grew 671 percent during this period.
In 2009, Shutterfly began its acquisition plans with the purchase of Tiny Pictures, a mobile photo-sharing application centered on photo commenting. This is the first of several acquisitions the company made over the next few years. In 2011, Shutterfly acquired Tiny Prints, Inc. and Wedding Paper Divas. In 2013, the company acquired This Life, a cloud-based solution for organizing and sharing photos and videos. Most recently, Shutterfly acquired BorrowLenses, a rental company for high-end photography equipment. In 2014 it opened a new manufacturing facility in Shakopee, Minnesota.
Tiny Prints and Wedding Paper Divas: In March 2011, Shutterfly acquired personalized card and stationery seller Tiny Prints, Inc. and partner-company Wedding Paper Divas for $141 million in cash and 3.9 million shares. The total transaction was valued at $333 million. The company has received multiple celebrity endorsements including Kelly Ripa, Jason Priestley, and Tori Spelling. Their products have also been highlighted on the Rachel Ray Show and in InStyle Magazine. Wedding Paper Divas has been highlighted on ABC News. In September 2014, the company launched “Tiny Prints for iPad” in September 2014; a mobile version of their online stationery boutique the company acquired in 2011
This Life: In 2013, Shutterfly acquired ThisLife, a cloud-based solution for organizing and sharing photos and videos. ThisLife initially launched in 2010 by husband-and-wife team Matt and Andrea Johnson. ThisLife has raised a $2.75 million seed round led by Madrona Venture Group, with Madrona Managing Director Greg Gottesman joining its board. The company was acquired by Shutterfly in January 2013 and the purchase was reported to cost $25 million. ThisLife lets you pull in all your photos from different sources such as social networks, mobile devices, personal computer, or stored online into one place.
Treat: In April 2012, Shutterfly Launched Treat, a service to create completely customized greeting cards. Unlike other divisions of Shutterfly that were acquired, Treat was developed internally. The site has 4,500 fully customizable card designs and has a partnership with Hallmark. In February 2015, Shutterfly announced it would shut down Treat.
BorrowLenses: Mark Gurevich and Max Shevyakov launched BorrowLenses in 2007 as a way for individuals to rent high-level camera equipment and avoid making an expensive purchase. The company delivers to all 50 states and offers over 30 “pick-up” locations at local camera shops in 12 different states. The company has two headquarters in San Carlos, California and Waltham, Massachusetts. In October 2013, Shutterfly acquired BorrowLenses. Terms of the deal weren’t released.
2016-07-11 | Reiterated Rating | Jefferies Group | Hold | |
2016-07-09 | Reiterated Rating | Cantor Fitzgerald | Buy | |
2016-06-27 | Reiterated Rating | Needham & Company LLC | Buy | |
2016-06-05 | Reiterated Rating | Cantor Fitzgerald | Buy | $52.00 |
2016-05-22 | Reiterated Rating | Cantor Fitzgerald | Buy | |
2016-05-01 | Reiterated Rating | Needham & Company LLC | Buy | $50.00 to $55.00 |
2016-04-28 | Boost Price Target | Barclays | Equal Weight | $40.00 to $45.00 |
2016-04-28 | Boost Price Target | Goldman Sachs | Neutral | $40.00 to $45.00 |
2016-04-28 | Reiterated Rating | RBC Capital | Outperform | $48.00 to $52.00 |
2016-04-28 | Reiterated Rating | Cantor Fitzgerald | Buy | $52.00 |
2016-04-28 | Boost Price Target | Barclays PLC | Equal Weight | $40.00 to $45.00 |
2016-04-28 | Boost Price Target | Goldman Sachs Group Inc. | Neutral | $40.00 to $45.00 |
2016-04-28 | Reiterated Rating | Royal Bank Of Canada | Outperform | $48.00 to $52.00 |
2016-03-24 | Reiterated Rating | RBC Capital | Buy | $48.00 |
2016-03-19 | Reiterated Rating | Robert W. Baird | Buy | |
2016-03-19 | Reiterated Rating | Axiom Securities | Buy | $51.00 |
2016-03-18 | Reiterated Rating | Needham & Company LLC | Buy | $50.00 |
2016-02-19 | Reiterated Rating | Axiom Securities | Buy | $49.00 to $51.00 |
2016-02-08 | Reiterated Rating | Jefferies | Hold | $47.00 to $46.00 |
2016-02-08 | Reiterated Rating | Jefferies Group | Hold | $47.00 to $46.00 |
2016-02-04 | Reiterated Rating | Robert W. Baird | Buy | |
2016-02-04 | Lower Price Target | Craig Hallum | Buy | $52.00 |
2016-02-04 | Reiterated Rating | Axiom Securities | Buy | $52.00 to $49.00 |
2016-02-04 | Lower Price Target | Barclays | Equal Weight | $44.00 to $40.00 |
2016-02-04 | Lower Price Target | Jefferies Group | Hold | $47.00 to $46.00 |
2016-02-04 | Downgrade | Bank of America | Buy to Neutral | $44.00 |
2016-02-04 | Lower Price Target | Needham & Company LLC | Buy | $55.00 to $50.00 |
2016-02-04 | Downgrade | Bank of America Corp. | Buy to Neutral | $44.00 |
2016-02-01 | Lower Price Target | RBC Capital | Outperform | $52.00 to $48.00 |
2016-02-01 | Reiterated Rating | Cantor Fitzgerald | Buy | $58.00 |
2015-12-02 | Reiterated Rating | Needham & Company LLC | Buy | $55.00 |
2015-12-02 | Reiterated Rating | Cantor Fitzgerald | Buy | $58.00 |
2015-12-02 | Reiterated Rating | Robert W. Baird | Outperform | $55.00 |
2015-11-26 | Initiated Coverage | Topeka Capital Markets | Hold | |
2015-11-17 | Reiterated Rating | Axiom Securities | Buy | $52.00 |
2015-11-01 | Reiterated Rating | Axiom Securities | Buy | $52.00 |
2015-10-29 | Reiterated Rating | RBC Capital | Outperform | $52.00 |
2015-10-28 | Lower Price Target | Barclays | Equal Weight | $48.00 to $44.00 |
2015-10-28 | Reiterated Rating | Robert W. Baird | Outperform | $55.00 |
2015-10-23 | Reiterated Rating | RBC Capital | Buy | |
2015-09-15 | Reiterated Rating | Robert W. Baird | Outperform | $55.00 |
2015-09-09 | Reiterated Rating | RBC Capital | Outperform | $52.00 |
2015-08-28 | Reiterated Rating | Axiom Securities | Buy | $52.00 |
2015-08-13 | Lower Price Target | Axiom Securities | Buy | $54.00 to $52.00 |
2015-07-31 | Reiterated Rating | Bank of America | Buy | $53.00 |
2015-07-30 | Reiterated Rating | Barclays | Equal Weight | $44.00 to $48.00 |
2015-07-30 | Downgrade | Raymond James | Outperform to Market Perform | |
2015-07-30 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2015-07-27 | Reiterated Rating | RBC Capital | Outperform | $52.00 |
2015-07-27 | Reiterated Rating | Cantor Fitzgerald | Buy | $59.00 |
2015-07-14 | Reiterated Rating | Axiom Securities | Buy | $54.00 |
2015-06-16 | Reiterated Rating | RBC Capital | Outperform | $52.00 |
2015-06-15 | Reiterated Rating | Axiom Securities | Buy | $54.00 |
2015-06-15 | Reiterated Rating | Cantor Fitzgerald | Buy | $59.00 |
2015-05-31 | Reiterated Rating | Axiom Securities | Buy | $54.00 |
2015-04-30 | Reiterated Rating | RBC Capital | Outperform | $51.00 to $52.00 |
2015-04-30 | Boost Price Target | Jefferies Group | Hold | $48.00 to $50.00 |
2015-04-30 | Lower Price Target | Needham & Company LLC | Buy | $58.00 to $55.00 |
2015-04-30 | Lower Price Target | Axiom Securities | Buy | $58.00 to $54.00 |
2015-04-28 | Boost Price Target | Cantor Fitzgerald | Buy | $58.00 to $59.00 |
2015-04-22 | Reiterated Rating | RBC Capital | Outperform | $51.00 |
2015-04-14 | Set Price Target | Cantor Fitzgerald | Buy | $58.00 |
2015-03-18 | Initiated Coverage | Axiom Securities | Buy | $58.00 |
2015-02-09 | Reiterated Rating | RBC Capital | Outperform | $53.00 |
2015-02-09 | Set Price Target | Cantor Fitzgerald | Buy | $58.00 |
2014-12-23 | Set Price Target | Cantor Fitzgerald | Buy | $58.00 |
2014-12-16 | Downgrade | Goldman Sachs | Buy to Neutral | |
2014-11-18 | Boost Price Target | Jefferies Group | Hold | $47.00 to $48.00 |
2014-10-30 | Reiterated Rating | Barclays | Equal Weight | $48.00 to $42.00 |
2014-10-30 | Lower Price Target | RBC Capital | Outperform | $60.00 to $53.00 |
2014-10-30 | Lower Price Target | Needham & Company LLC | Buy | $62.00 to $58.00 |
2014-10-30 | Lower Price Target | Topeka Capital Markets | Buy | $58.00 to $57.00 |
2014-05-01 | Reiterated Rating | Raymond James | Outperform | $53.00 |
2014-04-11 | Upgrade | Goldman Sachs | Neutral to Buy | $47.00 to $52.00 |
2014-03-18 | Downgrade | Cowen and Company | Outperform to Underperform | $57.00 to $39.00 |
2014-02-06 | Lower Price Target | Cantor Fitzgerald | $62.00 to $60.00 | |
2014-01-13 | Downgrade | Barclays | Overweight to Equal Weight | $62.00 to $50.00 |
2014-01-13 | Initiated Coverage | RBC Capital | Outperform | $64.00 |
2013-10-30 | Boost Price Target | Raymond James | Outperform | $57.00 to $60.00 |
2013-10-30 | Lower Price Target | Jefferies Group | Hold | $58.00 to $53.00 |
2013-02-06 | Reiterated | Cantor Fitzgerald | Buy | $35 to $44 |
2013-01-22 | Downgrade | Monness Crespi & Hardt | Buy to Neutral | |
2012-10-10 | Upgrade | Cantor Fitzgerald | Hold to Buy | $33 |
2011-01-05 | Initiated | Canaccord Genuity | Hold | $36 |
2009-12-10 | Upgrade | Janney Mntgmy Scott | Neutral to Buy | |
2008-10-30 | Reiterated | Cantor Fitzgerald | Buy | $16 to $12 |
2008-07-31 | Reiterated | Canaccord Adams | Hold | $16 to $10.75 |
2016-07-11 | Reiterated Rating | Jefferies Group | Hold | |
2016-07-09 | Reiterated Rating | Cantor Fitzgerald | Buy | |
2016-06-27 | Reiterated Rating | Needham & Company LLC | Buy | |
2016-06-05 | Reiterated Rating | Cantor Fitzgerald | Buy | $52.00 |
2016-05-22 | Reiterated Rating | Cantor Fitzgerald | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SFLY 22 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 1.06M |
BlackRock Institutional Trust Company, N.A. | 0.86M |
PEAK6 Investments, L.P. | 0.29M |
RUSSELL FRANK CO/ | 0.22M |
COWEN GROUP, INC. | 0.18M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.17M |
TEACHERS ADVISORS INC | 0.14M |
BlackRock Investment Management, LLC | 0.13M |
AHL Partners LLP | 0.11M |
KALMAR INVESTMENTS INC /DE/ | 79804 |
OMT Capital Management LLC | 74774 |
MANAGED ACCOUNT ADVISORS LLC | 47934 |
BLACKROCK ADVISORS LLC | 37664 |
BlackRock Group LTD | 33250 |
OPPENHEIMER FUNDS INC | 25344 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
HOUSENBOLD JEFFREY T President & CEO | 0.67% (259510) | CHGG / CZR / GRPN / SFLY / |
REGAN BRIAN M SVP, Chief Financial Officer | 0.23% (88279) | DMD / SFLY / |
SCHOENDORF NANCY J | 0.20% (78851) | SFLY / |
McCormick Dan SVP, General Manager | 0.16% (62608) | SFLY / |
MARINEAU PHILIP A | 0.15% (57655) | MDP / SFLY / |
Navin Peter SVP, Human Resources | 0.07% (28500) | SFLY / |
KELLER ERIC J | 0.07% (27915) | SFLY / |
WHITE JAMES N | 0.07% (25731) | CORT / CRDC / MATR / SFLY / THLD / |
Manca Brian VP, Chief Accounting Officer | 0.07% (25536) | SFLY / |
Swette Brian | 0.07% (25260) | CRCM / JMBA / SFLY / |
MENON SATISH SVP, Chief Technology Officer | 0.06% (25000) | SFLY / |
LAYNEY TRACY SVP, Chief HR Officer | 0.06% (21750) | SFLY / |
LANSING WILLIAM J | 0.06% (21510) | FICO / SFLY / |
Black Dwayne A SVP, Operations | 0.05% (19535) | SFLY / |
ZEISSER MICHAEL P | 0.05% (17656) | SFLY / TIME / XOXO / |
KILLEEN STEPHEN J | 0.04% (15332) | SFLY / |
North Christopher President & CEO | 0.03% (12394) | SFLY / |
BORIS JOHN SVP, Chief Marketing Officer | 0.03% (12344) | SFLY / |
HUGHES THOMAS DAVID | 0.02% (6060) | SFLY / |
MATHER ANN | 0.01% (5363) | GLUU / GOOGL / MGI / NFLX / SFLY / SZYM / |
RAFAEL BETSY | 0.01% (3986) | ADSK / ELON / SFLY / |
Manolis Eva | 0.01% (3046) | FICO / SFLY / |
Sartain Elizabeth P | 0.01% (2293) | MAN / SFLY / |
STANSBURY HENRY TAYLOE | 0.01% (2085) | INTU / SFLY / |