Shutterstock Inc (NYSE:SSTK) – Analysts at SunTrust Banks reduced their Q4 2019 EPS estimates for Shutterstock in a research report issued to clients and investors on Tuesday, November 5th. SunTrust Banks analyst Y. Squali now anticipates that the business services provider will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.26. SunTrust Banks currently has a “Hold” rating and a $38.00 price objective on the stock.
Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.27. Shutterstock had a return on equity of 12.20% and a net margin of 4.75%. The firm had revenue of $159.08 million during the quarter, compared to analysts’ expectations of $161.77 million. During the same period in the previous year, the firm posted $0.38 earnings per share. Shutterstock’s revenue was up 5.0% on a year-over-year basis.
A number of other equities analysts have also recently weighed in on SSTK. Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine cut Shutterstock from a “hold” rating to a “sell” rating in a report on Monday.
Shares of NYSE SSTK traded up $0.21 during trading on Friday, reaching $42.03. The company had a trading volume of 273,418 shares, compared to its average volume of 210,561. Shutterstock has a twelve month low of $31.77 and a twelve month high of $50.09. The stock has a market capitalization of $1.54 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. The stock has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $37.96.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Shutterstock by 2.3% in the second quarter. BlackRock Inc. now owns 2,787,236 shares of the business services provider’s stock worth $109,232,000 after acquiring an additional 63,496 shares during the last quarter. Vanguard Group Inc. grew its position in Shutterstock by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,087,878 shares of the business services provider’s stock valued at $81,824,000 after acquiring an additional 62,536 shares during the period. Bernzott Capital Advisors grew its position in Shutterstock by 0.5% during the second quarter. Bernzott Capital Advisors now owns 898,847 shares of the business services provider’s stock valued at $35,226,000 after acquiring an additional 4,028 shares during the period. Northern Trust Corp grew its position in Shutterstock by 1.7% during the second quarter. Northern Trust Corp now owns 257,756 shares of the business services provider’s stock valued at $10,102,000 after acquiring an additional 4,184 shares during the period. Finally, Morgan Stanley grew its position in Shutterstock by 364.5% during the second quarter. Morgan Stanley now owns 236,655 shares of the business services provider’s stock valued at $9,275,000 after acquiring an additional 185,703 shares during the period. 57.81% of the stock is owned by institutional investors.
Shutterstock Company Profile
Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.
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