Shutterstock Inc (NYSE:SSTK) Director Jonathan Oringer sold 17,205 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $38.29, for a total value of $658,779.45. Following the sale, the director now owns 16,188,532 shares of the company's stock, valued at $619,858,890.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Jonathan Oringer also recently made the following trade(s):
- On Wednesday, June 3rd, Jonathan Oringer sold 13,356 shares of Shutterstock stock. The stock was sold at an average price of $37.39, for a total value of $499,380.84.
- On Monday, June 1st, Jonathan Oringer sold 15,962 shares of Shutterstock stock. The stock was sold at an average price of $37.22, for a total value of $594,105.64.
Shares of SSTK stock traded up $0.29 on Monday, reaching $38.25. 254,900 shares of the company were exchanged, compared to its average volume of 237,084. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 82.28, a PEG ratio of 2.63 and a beta of 1.27. The company has a 50-day moving average of $36.67 and a 200-day moving average of $39.37. Shutterstock Inc has a one year low of $28.76 and a one year high of $45.98.
Shutterstock (NYSE:SSTK) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.04. The company had revenue of $161.29 million for the quarter, compared to analysts' expectations of $166.86 million. Shutterstock had a net margin of 2.61% and a return on equity of 6.95%. The business's revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities research analysts predict that Shutterstock Inc will post 0.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 1.78%. Shutterstock's payout ratio is 91.89%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. bought a new position in Shutterstock in the 1st quarter valued at about $50,000. LS Investment Advisors LLC lifted its position in shares of Shutterstock by 182.8% during the 4th quarter. LS Investment Advisors LLC now owns 1,615 shares of the business services provider's stock worth $69,000 after buying an additional 1,044 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Shutterstock during the 4th quarter worth approximately $76,000. UBS Group AG lifted its position in shares of Shutterstock by 120.2% during the 1st quarter. UBS Group AG now owns 2,711 shares of the business services provider's stock worth $87,000 after buying an additional 16,100 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Shutterstock during the 1st quarter worth approximately $89,000. 55.51% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on SSTK shares. SunTrust Banks decreased their price target on Shutterstock from $38.00 to $37.00 and set a "hold" rating for the company in a report on Friday, April 24th. Zacks Investment Research raised shares of Shutterstock from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research report on Saturday, May 30th.
Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.
Featured Article: Relative Strength Index
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
20 "Past Their Prime" Stocks to Dump From Your Portfolio
Did you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ago? In 1987, IBM, Exxon, GE, Shell, AT&T, Merck, Du Pont, Philip Morris, Ford and GM had the largest market caps on the S&P 500. ExxonMobil is the only company on that list to remain in the top 10 in 2017. Even just 15 years ago, companies like Radio Shack, AOL, Yahoo and Blockbuster were an important part of the S&P 500. Now, these companies no longer exist as public companies.
As the years go by, some companies lose their luster and others rise to the top of the markets. We've already seen this in the last few decades with tech companies surpassing industrial and energy companies that once dominated the S&P 500. It's hard to know what the next mega trend will be that will knock Apple, Google and Amazon off the top rankings of the S&P 500, but we do know that companies won't stay on the S&P 500 forever.
We've identified 20 companies that are past their prime. They aren't at risk of a near-term delisting from the S&P 500, but they are showing negative earnings growth for the next several years. If you own any of these stocks, consider selling them now before they become the next Yahoo, Radio Shack, Blockbuster, AOL and are sold off for a fraction of their former value.
View the "20 "Past Their Prime" Stocks to Dump From Your Portfolio".