Shutterstock (NYSE:SSTK) Lowered to “Sell” Rating by Wall Street Zen

Shutterstock (NYSE:SSTK) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

A number of other analysts also recently issued reports on SSTK. Zacks Research upgraded Shutterstock from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Citigroup raised shares of Shutterstock from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Friday, June 5th. Finally, Weiss Ratings lowered shares of Shutterstock from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shutterstock Price Performance

Shares of NYSE:SSTK opened at $5.58 on Friday. The firm has a market cap of $205.19 million, a price-to-earnings ratio of -9.63 and a beta of 1.06. The firm has a fifty day moving average price of $12.16 and a 200 day moving average price of $15.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.51 and a current ratio of 0.51. Shutterstock has a fifty-two week low of $5.25 and a fifty-two week high of $29.50.

Institutional Investors Weigh In On Shutterstock

Several large investors have recently modified their holdings of the business. WealthCollab LLC lifted its position in shares of Shutterstock by 106.2% in the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock worth $28,000 after purchasing an additional 748 shares during the period. Osaic Holdings Inc. raised its stake in Shutterstock by 150.6% in the second quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock worth $34,000 after buying an additional 1,065 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Shutterstock by 72.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,297 shares of the business services provider’s stock worth $63,000 after buying an additional 1,388 shares during the period. Quadrant Capital Group LLC purchased a new stake in Shutterstock during the third quarter worth $111,000. Finally, Covestor Ltd boosted its position in Shutterstock by 87.7% during the 4th quarter. Covestor Ltd now owns 5,538 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 2,587 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

About Shutterstock

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.