Shutterstock, Inc. (NYSE:SSTK) Given Consensus Recommendation of “Hold” by Brokerages

Shutterstock, Inc. (NYSE:SSTK) has been given a consensus rating of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $25.00.

A number of brokerages have weighed in on SSTK. Weiss Ratings restated a “hold (c-)” rating on shares of Shutterstock in a report on Wednesday, October 8th. Wall Street Zen downgraded Shutterstock from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered Shutterstock from a “hold” rating to a “strong sell” rating in a research note on Monday, December 1st.

Hedge Funds Weigh In On Shutterstock

A number of large investors have recently bought and sold shares of the stock. WealthCollab LLC grew its holdings in Shutterstock by 106.3% during the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 748 shares in the last quarter. Signaturefd LLC boosted its position in Shutterstock by 10,268.8% in the 2nd quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,643 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Shutterstock by 150.6% during the second quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock worth $34,000 after acquiring an additional 1,065 shares during the last quarter. EMC Capital Management acquired a new position in shares of Shutterstock in the second quarter worth about $36,000. Finally, GAMMA Investing LLC boosted its holdings in Shutterstock by 71.8% in the second quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Shutterstock Price Performance

NYSE:SSTK opened at $18.37 on Friday. Shutterstock has a 12-month low of $14.35 and a 12-month high of $38.80. The firm has a market cap of $652.40 million, a price-to-earnings ratio of 10.93 and a beta of 1.27. The company’s 50-day moving average is $21.06 and its two-hundred day moving average is $20.68. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.20.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.48). The firm had revenue of $260.09 million for the quarter, compared to analysts’ expectations of $255.60 million. Shutterstock had a net margin of 5.89% and a return on equity of 16.30%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS. Research analysts expect that Shutterstock will post 3.12 EPS for the current year.

Shutterstock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 7.2%. Shutterstock’s dividend payout ratio (DPR) is currently 78.57%.

Shutterstock Company Profile

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.