|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||50.32 - 50.61|
|52 Week Range||35.08 - 94.76|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Private Equity firm Apollo Global is buying online photo publishing company Shutterfly and Snapfish, a $1.74 billion deal, with plans to combine the two companies. Yahoo Finance's Dan Roberts, Myles Udland, and Melody Hahm discuss.
Shutterfly Inc NASDAQ/NGS:SFLYView full report here! Summary * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for SFLY with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 13. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SFLY had net inflows of $1.49 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
How do we determine whether Shutterfly, Inc. (NASDAQ:SFLY) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that […]
Moody's Investors Service ("Moody's") said Shutterfly, Inc.'s Ba3 Corporate Family Rating (CFR), existing debt ratings and negative outlook are not immediately impacted by Monday's announcement that the company has entered into a definitive agreement to be acquired by funds managed by affiliates of private equity firm Apollo Global Management, LLC. For further information, please visit www.moodys.com. Headquartered in Redwood City, CA, Shutterfly, Inc. is a leading online manufacturer and retailer of personalized consumer photo products and services through premium brands. This publication does not announce a credit rating action.
The leading online provider of photofinishing products finally names a buyer, and it's not a pretty picture for investors who were holding out for more.
U.S. stocks benchmarks Tuesday morning opened firmly higher, adding to a multisession run that has been partially supported on the day by reports of China planning fresh stimulus to spur its economy. The Dow Jones Industrial Average rose 176 points, or 0.7%, at 26,240, set for its seventh consecutive gain. Meanwhile, the S&P 500 index advanced 0.9% at 2,911, while the Nasdaq Composite Index climbed 1.1% at 7,909. Both the S&P 500 and Nasdaq are set for their sixth straight gain. The market has been rebounding as investors have hoped for easing of trade tensions between the U.S. and China and the Federal Reserve has signaled at least a willingness to consider easing monetary policy to help to sustain economic expansion. A decision by the Trump administration to halt tariffs on Mexico which had been planned for Monday also helped drive equity markets higher to start the week. On the economic front, the producer-price index, advanced a seasonally adjusted 0.1% in May from a month earlier, according to Labor Department. In corporate news, shares of Shutterfly Inc. were gaining, after reports that Apollo Global Management LLC would acquire the photo-sharing company.
Our call of the day, from Saxo Bank’s head of commodity strategy Ole Hansen, cautions investors against getting too excited over this haven asset again too soon.
Shutterfly, Inc. (NASDAQ: SFLY ) confirmed Monday it reached an agreement to sell itself to an affiliate of Apollo Global Management for $51 per share in cash. The deal represents a premium of 31 percent ...
U.S. stock futures rose on Tuesday, pointing to a sixth straight day of gains for Wall Street, despite Donald Trump saying he was ready to levy additional tariffs on China if a trade deal wasn't reached at the G-20 summit later this month. The president told CNBC on Monday that he would raise tariffs on China if his Chinese counterpart, President Xi Jinping, didn't attend the G-20 meeting. China, for its part, said it would respond firmly if the United States insists on escalating trade tensions.
Shutterfly will be bought for $51 a share in cash, a premium of about 1.5% to Shutterfly's closing price on Monday of $50.25. The stock was down 2.2% to $50.04 in premarket trading Tuesday. "Earlier this year, Shutterfly announced the formation of a strategic review committee to continue the board of directors' ongoing review of strategic alternatives for the company," said William Lansing, Shutterfly's chairman.
Private equity firm Apollo Global Management LLC is nearing deals to buy digital imaging companies Shutterfly Inc. and Snapfish.
Private equity giant Apollo Global Management is buying Redwood City-based digital imaging company Shutterfly Inc. for $2.7 billion in cash and taking it private. The company also announced a new CEO and president, Ryan O’Hara, who most recently served as CEO of Realtor.com owner Move Inc. Apollo is offering $51 per share for Shutterfly, a 1.5 percent premium over the company's closing price on Monday, but up 31 percent compared to late April, when media reports first started to surface that Shutterfly could change hands to a buyer like Apollo. O'Hara will assume the chief executive role on June 24.
The deal values the online retailer at about $1.74 billion, based on the company’s outstanding shares at the end of March. Apollo will also assume Shutterfly’s more than $1 billion in debt. The buyout firm plans to merge Shutterfly with rival Snapfish LLC, whose owners will become minority shareholders in the combined business, Apollo said.
Shutterfly Inc. said late Monday its board of directors has approved an all-cash deal with Apollo Global Management for $51 a share, or an enterprise value around $2.7 billion. Shutterfly has sought "strategic alternatives" for itself this year and after a "broad and comprehensive process" the company is "pleased that the process culminated in a transaction that maximizes value for Shutterfly stockholders," Chairman William Lansing said in a statement. "We look forward to working closely with Apollo as we continue to build a compelling service that enables deeper, more personal relationships for our customers, and to advance our digital and manufacturing capabilities to support sustainable growth." Shutterfly ended the regular trading day up 2.7% and traded was halted in the extended session. The company in February announced its CEO was departing after a dismal holiday season.
Shutterfly acquisition news has SFLY stock heading higher on Monday.Source: Brian Turner via Flickr (modified)The recent news claims that a Shutterfly (NASDAQ:SFLY) acquisition is in the works and Apollo Global Management LLC is looking to purchase the company. Rumors claim that a deal may be announced sometime this week.We don't know exactly how much the Shutterfly acquisition news will have the company being bought for. However, some sources close to the matter claim that the offer from Apollo values the company at $2 billion. This doesn't include SFLY's $900 million of debt.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Shutterfly acquisition news comes after the company announced plans to explore its options back in February. It also looks like more than just Apollo has an interest in buying up SFLY, but it has the highest offer so far, reports Reuters.One of the other bidders in the Shutterfly acquisition news is Cerberus. There's also a third bidder than hasn't been named. These are the major groups that are trying to acquire the image publishing company.Another source speaking about the Shutterfly acquisition news claims to know roughly how much the company will be acquired for. This individual says that the company will be bought for between $55.00 to $57.50 per share. * 7 Stocks to Buy As They Hit 52-Week Lows That range represents a pretty premium for holders of SFLY stock. At the low end it is sitting at roughly 12% above the stock's closing price on Friday. The high end is about 17% above Friday's closing price.SFLY stock was up 7% as of Monday morning. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Shutterfly Acquisition News: SFLY Stock Surges on Takeover Talk appeared first on InvestorPlace.
surged on Monday on a report that private-equity firm Apollo Global Management was in the lead to acquire the online digital photo merchandise and services company. Citing people familiar with the matter, Reuters reported on Monday that Apollo has submitted an undisclosed bid for company -- the highest among other private- equity firms interested in acquiring Shutterfly -- and that a deal could be announced as soon as this week. A deal would be the culmination of several years of private-equity interest in Shutterfly, which allows customers to make photo books, cards and gifts from their photos.
The deal, first reported by Reuters on Monday, is the culmination of several years of private equity interest in Shutterfly, which allows customers to make photo books, cards and gifts from their photos. Apollo said it would pay $51 per share in cash for Shutterfly, a 13% premium to the company's value on Feb. 5, the last trading day before it announced it would explore a sale. Apollo also announced it would acquire privately held Snapfish LLC, a small internet-based retailer of photography products, to merge it with Shutterfly.
Apollo Global Management announced on Monday it will acquire Shutterfly and Snapfish, creating a more formidable player in online photo services. The private equity firm has agreed to buy Shutterfly for $2.7bn, including $900m in debt. Apollo will combine the business with privately held Snapfish, a rival photo publishing service.
If you're interested in Shutterfly, Inc. (NASDAQ:SFLY), then you might want to consider its beta (a measure of share...