14,667 Shares in Shutterstock, Inc. $SSTK Purchased by Caitlin John LLC

Key Points

• Caitlin John LLC has acquired 14,667 shares of Shutterstock, Inc. (NYSE:SSTK) valued at approximately $278,000, representing a significant investment in the company.
• Shutterstock reported a net revenue increase of 21.3% year-over-year, achieving $266.99 million for the quarter despite missing EPS estimates by $0.46.
• The company announced a quarterly dividend of $0.33 per share, yielding 6.1%, with a payout ratio of 72.93% as of September 4th.

Caitlin John LLC acquired a new stake in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,667 shares of the business services provider's stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSTK. Performa Ltd US LLC purchased a new stake in shares of Shutterstock during the first quarter worth about $25,000. Versant Capital Management Inc boosted its stake in Shutterstock by 1,908.6% during the first quarter. Versant Capital Management Inc now owns 1,406 shares of the business services provider's stock valued at $26,000 after buying an additional 1,336 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Shutterstock during the first quarter valued at approximately $28,000. CWM LLC lifted its stake in shares of Shutterstock by 93.8% in the 1st quarter. CWM LLC now owns 1,810 shares of the business services provider's stock valued at $34,000 after purchasing an additional 876 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Shutterstock by 71.8% in the 2nd 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Shutterstock from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Needham & Company LLC cut their price target on Shutterstock from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Shutterstock currently has an average rating of "Hold" and a consensus price target of $43.67.

Shutterstock Stock Performance

SSTK traded down $0.57 on Monday, reaching $21.14. 176,216 shares of the stock were exchanged, compared to its average volume of 208,348. The company's 50-day moving average price is $20.48 and its 200 day moving average price is $18.91. Shutterstock, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $38.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $749.80 million, a PE ratio of 11.68 and a beta of 1.05.

Shutterstock (NYSE:SSTK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.46). The firm had revenue of $266.99 million for the quarter, compared to analyst estimates of $248.27 million. Shutterstock had a return on equity of 18.42% and a net margin of 6.36%.The business's revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. As a group, sell-side analysts forecast that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, September 4th. Shutterstock's payout ratio is 72.93%.

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.