Shutterstock, Inc. (NYSE:SSTK) Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Shutterstock, Inc. (NYSE:SSTK - Free Report) by 317.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,928 shares of the business services provider's stock after buying an additional 40,264 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of Shutterstock worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Shutterstock by 13.8% during the fourth quarter. Ameriprise Financial Inc. now owns 433,950 shares of the business services provider's stock worth $13,170,000 after purchasing an additional 52,682 shares during the last quarter. Connors Investor Services Inc. raised its holdings in Shutterstock by 27.5% during the fourth quarter. Connors Investor Services Inc. now owns 90,039 shares of the business services provider's stock worth $2,733,000 after purchasing an additional 19,426 shares during the last quarter. Northern Trust Corp raised its holdings in Shutterstock by 2.1% during the fourth quarter. Northern Trust Corp now owns 384,879 shares of the business services provider's stock worth $11,681,000 after purchasing an additional 7,945 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Shutterstock during the fourth quarter worth $1,670,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Shutterstock by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,455 shares of the business services provider's stock worth $379,000 after purchasing an additional 1,462 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Shutterstock Trading Down 2.9%

Shares of NYSE:SSTK traded down $0.53 during midday trading on Friday, reaching $18.02. The company's stock had a trading volume of 158,602 shares, compared to its average volume of 529,440. The business has a 50 day moving average price of $17.33 and a 200 day moving average price of $24.85. Shutterstock, Inc. has a 1 year low of $14.35 and a 1 year high of $46.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.23. The firm has a market cap of $635.28 million, a price-to-earnings ratio of 17.67 and a beta of 1.10.

Shutterstock (NYSE:SSTK - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The business services provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.23). Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The firm had revenue of $242.62 million for the quarter, compared to analysts' expectations of $249.44 million. During the same period last year, the firm posted $1.13 EPS. Shutterstock's revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Shutterstock, Inc. will post 3.12 EPS for the current year.

Shutterstock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Thursday, June 5th. Shutterstock's dividend payout ratio (DPR) is 121.10%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial downgraded Shutterstock from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. JMP Securities reissued a "market perform" rating on shares of Shutterstock in a research report on Monday, May 5th. Needham & Company LLC dropped their price target on Shutterstock from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Wall Street Zen assumed coverage on Shutterstock in a research report on Wednesday. They set a "buy" rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $45.33.

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.