Shutterstock (NYSE:SSTK - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.
Separately, Wall Street Zen raised Shutterstock from a "hold" rating to a "buy" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $40.50.
Check Out Our Latest Stock Report on Shutterstock
Shutterstock Price Performance
NYSE:SSTK opened at $24.70 on Friday. The business's 50-day moving average price is $21.93 and its 200 day moving average price is $19.62. The firm has a market cap of $875.93 million, a P/E ratio of 13.64 and a beta of 1.09. Shutterstock has a 52-week low of $14.35 and a 52-week high of $38.80. 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 (NYSE:SSTK - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.19 earnings per share (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%.Shutterstock's revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share. As a group, sell-side analysts predict that Shutterstock will post 3.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Shutterstock
A number of institutional investors have recently bought and sold shares of SSTK. Byrne Asset Management LLC grew its stake in Shutterstock by 10.7% during the 3rd quarter. Byrne Asset Management LLC now owns 4,272 shares of the business services provider's stock valued at $89,000 after acquiring an additional 412 shares in the last quarter. CWM LLC grew its stake in Shutterstock by 6.8% during the 3rd quarter. CWM LLC now owns 11,167 shares of the business services provider's stock valued at $233,000 after acquiring an additional 714 shares in the last quarter. WealthCollab LLC grew its stake in Shutterstock by 106.3% during the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider's stock valued at $28,000 after acquiring an additional 748 shares in the last quarter. GAMMA Investing LLC grew its stake in Shutterstock by 71.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider's stock valued at $38,000 after acquiring an additional 834 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in Shutterstock by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 22,243 shares of the business services provider's stock valued at $422,000 after acquiring an additional 861 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.
About Shutterstock
(
Get Free Report)
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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