Weiss Ratings Reiterates "Hold (C-)" Rating for Shutterstock (NYSE:SSTK)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Shutterstock (NYSE:SSTK), indicating a cautious outlook on the stock.
• Despite the "Hold" rating from Weiss, Wall Street Zen has upgraded Shutterstock from a "hold" to a "buy" rating, reflecting differing analyst perspectives.
• Shutterstock's stock recently traded at $22.15, with a one-year low of $14.35 and a high of $38.80, showcasing significant volatility in its valuation.

Shutterstock (NYSE:SSTK - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Shutterstock from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $43.67.

Shutterstock Stock Performance

Shares of SSTK traded up $0.60 during mid-day trading on Wednesday, hitting $22.15. The company's stock had a trading volume of 139,992 shares, compared to its average volume of 210,952. Shutterstock has a one year low of $14.35 and a one year high of $38.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $785.66 million, a PE ratio of 12.24 and a beta of 1.09. The stock's 50-day moving average is $20.96 and its two-hundred day moving average is $19.05.

Shutterstock (NYSE:SSTK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.46). Shutterstock had a net margin of 6.36% and a return on equity of 18.42%. The business had revenue of $266.99 million during the quarter, compared to the consensus estimate of $248.27 million. During the same period in the prior year, the company posted $1.00 earnings per share. The firm's revenue was up 21.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Shutterstock will post 3.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SSTK. Performa Ltd US LLC acquired a new stake in shares of Shutterstock in the first quarter valued at $25,000. HHM Wealth Advisors LLC acquired a new stake in Shutterstock in the first quarter worth about $28,000. WealthCollab LLC increased its position in Shutterstock by 106.3% in the second quarter. WealthCollab LLC now owns 1,452 shares of the business services provider's stock worth $28,000 after purchasing an additional 748 shares during the period. Signaturefd LLC increased its position in Shutterstock by 10,268.8% in the second quarter. Signaturefd LLC now owns 1,659 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,643 shares during the period. Finally, CWM LLC increased its position in Shutterstock by 93.8% in the first quarter. CWM LLC now owns 1,810 shares of the business services provider's stock worth $34,000 after purchasing an additional 876 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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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