Shutterstock, Inc. (NYSE:SSTK) Receives Average Rating of "Hold" from Analysts

Key Points

• Shutterstock, Inc. has received an average broker rating of "Hold", with four analysts recommending hold and one suggesting a buy.
• The stock experienced a price increase of 5.5% during trading, reaching $22.43, with significant trading volume exceeding its average.
• Shutterstock recently announced a quarterly dividend of $0.33, representing a yield of 5.9% and a payout ratio of 72.93%.

Shares of Shutterstock, Inc. (NYSE:SSTK - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $43.6667.

SSTK has been the topic of a number of recent analyst reports. Wall Street Zen raised Shutterstock from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of Shutterstock in a research report on Saturday, September 27th.

Shutterstock Trading Up 5.5%

Shares of Shutterstock stock traded up $1.18 during trading on Friday, reaching $22.43. 297,343 shares of the company were exchanged, compared to its average volume of 198,400. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.20. Shutterstock has a twelve month low of $14.35 and a twelve month high of $38.80. The business has a 50-day moving average price of $20.83 and a 200-day moving average price of $19.00. The firm has a market capitalization of $795.41 million, a price-to-earnings ratio of 12.39 and a beta of 1.09.

Shutterstock (NYSE:SSTK - Get Free Report) last announced its quarterly earnings data 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). Shutterstock had a return on equity of 18.42% and a net margin of 6.36%.The company had revenue of $266.99 million for the quarter, compared to analyst estimates of $248.27 million. During the same period last year, the firm earned $1.00 earnings per share. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. Sell-side analysts anticipate that Shutterstock will post 3.12 EPS for the current fiscal year.

Shutterstock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. Shutterstock's dividend payout ratio is presently 72.93%.

Institutional Investors Weigh In On Shutterstock

A number of large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Shutterstock by 11.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,636 shares of the business services provider's stock valued at $201,000 after acquiring an additional 682 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Shutterstock by 159.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 78,652 shares of the business services provider's stock valued at $1,465,000 after buying an additional 48,382 shares during the period. Victory Capital Management Inc. grew its stake in shares of Shutterstock by 33.3% in the 1st quarter. Victory Capital Management Inc. now owns 55,137 shares of the business services provider's stock valued at $1,027,000 after buying an additional 13,767 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Shutterstock in the 1st quarter valued at about $633,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Shutterstock by 13.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,769 shares of the business services provider's stock valued at $1,753,000 after buying an additional 7,023 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

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.

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