Shutterstock, Inc. (NYSE:SSTK) Receives $25.00 Average Price Target from Analysts

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

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shutterstock in a research report on Wednesday, October 8th. Zacks Research cut shares of Shutterstock from a “hold” rating to a “strong sell” rating in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded shares of Shutterstock from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Hedge Funds Weigh In On Shutterstock

Several large investors have recently made changes to their positions in SSTK. Performa Ltd US LLC acquired a new stake in Shutterstock in the 1st quarter valued at approximately $25,000. WealthCollab LLC boosted its position in shares of Shutterstock by 106.3% in the second quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 748 shares during the period. Signaturefd LLC increased its position in Shutterstock by 10,268.8% during the second quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,643 shares during the period. CWM LLC increased its position in Shutterstock by 93.8% during the first quarter. CWM LLC now owns 1,810 shares of the business services provider’s stock worth $34,000 after acquiring an additional 876 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Shutterstock by 150.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Shutterstock Stock Performance

Shares of SSTK stock opened at $19.01 on Wednesday. The stock’s 50-day moving average is $22.27 and its two-hundred day moving average is $20.65. Shutterstock has a fifty-two week low of $14.35 and a fifty-two week high of $38.80. The firm has a market cap of $675.19 million, a P/E ratio of 11.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.53 and a quick ratio of 0.53.

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

Shutterstock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, December 4th. Shutterstock’s dividend payout ratio is 78.57%.

Shutterstock Company Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.