Shares of Shutterfly Inc. (SFLY) - Get Report fell 1% on Monday to close at $44.22 after Goldman Sachs reinstated coverage on the stock with a sell recommendation on Feb. 4. Goldman's price target is $40, compared with SunTrust's lowered target, which was cut Feb. 1 to $70 from $90, the high end of analysts' range. SunTrust reiterated its buy rating on the stock, which releases its earnings at the close on Tues., Feb. 5.
This is Shutterfly's first sell rating from a large firm in recent times. Last month, on Jan. 4, KeyBanc analyst Edward Yruma upgraded Shutterfly to buy with a price target of $55. Yruma has a 49.2% success rate, according to TipRanks.com.
Shutterfly now has one sell, three buys and two hold ratings, according to Bloomberg data.
The stock is one of Goldman's six American Internet companies dissected in a note to clients Monday. Analysts initiated coverage Feb. 4 on ANGI Homeservices Inc. (ANGI) - Get Report (buy; $20 price target), Yelp Inc. (YELP) - Get Report (buy; $42 price target), Match.com (MTCH) - Get Report (sell; $45 price target), Groupon Inc. (GRPN) - Get Report (neutral; $3.50 price target) and InterActiveCorp (IAC) - Get Report (neutral, $226 price target).
Score a Touchdown with Jim Cramer's Big Game Special
Get access to the best stock picks in Jim Cramer's investment portfolio by executing a two-minute drill on our Big Game Special on Action Alerts PLUS, Jim's VIP club for investors. Sign up now through Feb. 4 and receive 58% off of the normal subscription price. Now that's a real touchdown!