Shutterstock Inc (NYSE:SSTK) Director Jonathan Oringer sold 2,064,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $46.32, for a total value of $95,604,480.00.
Jonathan Oringer also recently made the following trade(s):
- On Wednesday, July 8th, Jonathan Oringer sold 24,490 shares of Shutterstock stock. The stock was sold at an average price of $37.18, for a total transaction of $910,538.20.
- On Monday, July 6th, Jonathan Oringer sold 18,972 shares of Shutterstock stock. The stock was sold at an average price of $37.06, for a total transaction of $703,102.32.
- On Wednesday, July 1st, Jonathan Oringer sold 23,667 shares of Shutterstock stock. The shares were sold at an average price of $35.96, for a total value of $851,065.32.
- On Friday, June 5th, Jonathan Oringer sold 17,205 shares of Shutterstock stock. The stock was sold at an average price of $38.29, for a total value of $658,779.45.
- On Wednesday, June 3rd, Jonathan Oringer sold 13,356 shares of Shutterstock stock. The shares were sold at an average price of $37.39, for a total transaction 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.
SSTK stock traded up $0.02 during trading on Monday, hitting $48.03. 246,653 shares of the company traded hands, compared to its average volume of 267,295. The company has a 50-day moving average of $43.13 and a 200-day moving average of $38.80. Shutterstock Inc has a 1 year low of $28.76 and a 1 year high of $59.45. The firm has a market capitalization of $1.71 billion, a PE ratio of 52.78, a P/E/G ratio of 2.63 and a beta of 1.46.
Shutterstock (NYSE:SSTK) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.36. Shutterstock had a return on equity of 10.85% and a net margin of 5.05%. The firm had revenue of $159.23 million during the quarter, compared to analyst estimates of $149.97 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Shutterstock Inc will post 0.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, September 2nd. Shutterstock's payout ratio is 91.89%.
SSTK has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Shutterstock from a "c" rating to a "b" rating in a research report on Tuesday, July 28th. Needham & Company LLC began coverage on Shutterstock in a research report on Thursday, July 23rd. They set a "buy" rating and a $50.00 price objective on the stock. SunTrust Banks dropped their target price on Shutterstock from $38.00 to $37.00 and set a "hold" rating for the company in a research report on Friday, April 24th. Finally, Zacks Investment Research upgraded shares of Shutterstock from a "hold" rating to a "buy" rating and set a $61.00 price target on the stock in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Shutterstock presently has an average rating of "Buy" and an average target price of $49.33.
Institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of Shutterstock in the 2nd quarter worth about $29,000. Advisor Group Holdings Inc. bought a new position in shares of Shutterstock during the first quarter valued at approximately $50,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Shutterstock during the second quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shutterstock by 44.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,919 shares of the business services provider's stock worth $67,000 after purchasing an additional 595 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Shutterstock in the 2nd quarter worth approximately $94,000. 55.47% of the stock is currently owned by hedge funds and other institutional investors.
Shutterstock Company Profile
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.
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