Shutterstock, Inc. (NYSE:SSTK - Get Free Report) rose 4.6% during trading on Monday . The company traded as high as $17.58 and last traded at $17.54. Approximately 187,471 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 536,864 shares. The stock had previously closed at $16.76.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SSTK shares. StockNews.com raised Shutterstock from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. JMP Securities reiterated a "market perform" rating on shares of Shutterstock in a research note on Monday, May 5th. Needham & Company LLC dropped their price target on shares of Shutterstock from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Truist Financial downgraded shares of Shutterstock from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.33.
View Our Latest Report on Shutterstock
Shutterstock Trading Down 0.4 %
The stock has a market capitalization of $658.90 million, a price-to-earnings ratio of 18.32 and a beta of 1.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $17.58 and a two-hundred day moving average of $25.76.
Shutterstock (NYSE:SSTK - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The business services provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.23). The firm had revenue of $242.62 million for the quarter, compared to the consensus estimate of $249.44 million. Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. On average, research analysts expect that Shutterstock, Inc. will post 3.12 EPS for the current year.
Shutterstock Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.33 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.32 annualized dividend and a dividend yield of 7.06%. Shutterstock's payout ratio is 121.10%.
Hedge Funds Weigh In On Shutterstock
Several large investors have recently bought and sold shares of SSTK. Barclays PLC raised its position in shares of Shutterstock by 238.6% during the third quarter. Barclays PLC now owns 50,565 shares of the business services provider's stock valued at $1,788,000 after buying an additional 35,632 shares during the last quarter. Franklin Resources Inc. raised its holdings in Shutterstock by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,413 shares of the business services provider's stock valued at $545,000 after acquiring an additional 894 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Shutterstock by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 35,120 shares of the business services provider's stock worth $1,066,000 after acquiring an additional 532 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Shutterstock by 14.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,270 shares of the business services provider's stock valued at $919,000 after purchasing an additional 3,734 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Shutterstock by 15.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,424 shares of the business services provider's stock valued at $407,000 after purchasing an additional 1,794 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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