Shutterstock Inc (NYSE:SSTK) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $49.75.
SSTK has been the subject of a number of research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of Shutterstock in a research note on Friday, April 21st. Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of Shutterstock in a report on Monday, May 8th.
Shutterstock (SSTK) traded up 1.32% on Monday, reaching $43.59. The company had a trading volume of 37,742 shares. Shutterstock has a 12 month low of $39.66 and a 12 month high of $65.16. The stock has a market capitalization of $1.51 billion, a P/E ratio of 46.82 and a beta of 1.42. The firm has a 50-day moving average of $45.22 and a 200-day moving average of $46.17.
Shutterstock (NYSE:SSTK) last announced its earnings results on Wednesday, May 3rd. The business services provider reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $130.20 million during the quarter, compared to the consensus estimate of $129.62 million. Shutterstock had a return on equity of 9.41% and a net margin of 5.07%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. On average, equities research analysts expect that Shutterstock will post $1.46 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Copper Rock Capital Partners LLC purchased a new position in Shutterstock during the second quarter valued at $20,434,000. Goldman Sachs Group Inc. boosted its position in Shutterstock by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 188,682 shares of the business services provider’s stock valued at $7,802,000 after buying an additional 24,421 shares during the last quarter. Janus Capital Management LLC boosted its position in Shutterstock by 27.9% in the first quarter. Janus Capital Management LLC now owns 435,565 shares of the business services provider’s stock valued at $18,011,000 after buying an additional 95,102 shares during the last quarter. Macquarie Group Ltd. boosted its position in Shutterstock by 63.9% in the first quarter. Macquarie Group Ltd. now owns 770,572 shares of the business services provider’s stock valued at $31,863,000 after buying an additional 300,529 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Shutterstock during the first quarter valued at $1,546,000. Hedge funds and other institutional investors own 61.07% of the company’s stock.
Shutterstock Company Profile
Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.
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