Shutterstock (NYSE:SSTK) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Shutterstock's stock recently crossed above its 200-day moving average, peaking at $21.01 during trading on Monday, and is currently priced at $20.65 with a trading volume of 172,136 shares.
• Analyst ratings show a mixed outlook, with one rating it a "Buy" and three "Hold," while consensus price targets average around $43.67.
• Shutterstock declared a quarterly dividend of $0.33, resulting in an annualized yield of 6.4%, with a dividend payout ratio of 72.93%.

Shutterstock, Inc. (NYSE:SSTK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.94 and traded as high as $21.01. Shutterstock shares last traded at $20.65, with a volume of 172,136 shares traded.

Analyst Ratings Changes

SSTK has been the topic of a number of analyst reports. Wall Street Zen raised shares of Shutterstock from a "hold" rating to a "buy" rating in a research note on Friday. Needham & Company LLC dropped their price objective on shares of Shutterstock from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. One equities 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, Shutterstock currently has a consensus rating of "Hold" and a consensus price target of $43.67.

Shutterstock Stock Down 1.9%

The business's 50 day moving average is $20.72 and its 200-day moving average is $18.94. The stock has a market cap of $732.57 million, a price-to-earnings ratio of 11.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.49.

Shutterstock (NYSE:SSTK - Get Free Report) last released its quarterly 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). Shutterstock had a net margin of 6.36% and a return on equity of 18.42%. The company had revenue of $266.99 million during the quarter, compared to analyst estimates of $248.27 million. During the same period in the prior year, the business posted $1.00 EPS. Shutterstock's revenue was up 21.3% compared to the same quarter last year. On average, sell-side analysts predict that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.32 dividend on an annualized basis and a yield of 6.4%. Shutterstock's dividend payout ratio (DPR) is currently 72.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Performa Ltd US LLC purchased a new position in Shutterstock in the 1st quarter valued at $25,000. Versant Capital Management Inc lifted its holdings in Shutterstock by 1,908.6% in the 1st quarter. Versant Capital Management Inc now owns 1,406 shares of the business services provider's stock valued at $26,000 after purchasing an additional 1,336 shares in the last quarter. WealthCollab LLC lifted its holdings in Shutterstock by 106.3% in the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider's stock valued at $28,000 after purchasing an additional 748 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in Shutterstock in the 1st quarter valued at $28,000. Finally, Signaturefd LLC lifted its holdings in Shutterstock by 10,268.8% in the 2nd quarter. Signaturefd LLC now owns 1,659 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,643 shares in the last quarter. Hedge funds and other institutional investors 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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