Brokerages Set Shutterstock, Inc. (NYSE:SSTK) PT at $25.00

Shares of Shutterstock, Inc. (NYSE:SSTK) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.00.

Several research analysts have commented on SSTK shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Shutterstock in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Shutterstock from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research cut shares of Shutterstock from a “hold” rating to a “strong sell” rating in a research report on Monday, December 1st.

Shutterstock Stock Down 2.3%

Shares of SSTK opened at $18.67 on Friday. Shutterstock has a one year low of $14.35 and a one year high of $38.80. The company has a market cap of $662.98 million, a P/E ratio of 11.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $20.70.

Shutterstock (NYSE:SSTK) last issued its earnings results on Wednesday, November 5th. The business services provider reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.48). Shutterstock had a net margin of 5.89% and a return on equity of 16.30%. The business had revenue of $260.09 million during the quarter, compared to analyst estimates of $255.60 million. During the same period in the prior year, the business posted $1.31 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts forecast that Shutterstock will post 3.12 EPS for the current fiscal year.

Shutterstock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Thursday, December 4th. Shutterstock’s dividend payout ratio is presently 78.57%.

Institutional Investors Weigh In On Shutterstock

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTK. WealthCollab LLC raised 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 valued at $28,000 after purchasing an additional 748 shares during the last quarter. Signaturefd LLC increased its stake in shares of Shutterstock by 10,268.8% in the second quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,643 shares during the period. Osaic Holdings Inc. raised its holdings in Shutterstock by 150.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock valued at $34,000 after buying an additional 1,065 shares during the last quarter. EMC Capital Management bought a new position in Shutterstock in the 2nd quarter valued at approximately $36,000. Finally, GAMMA Investing LLC boosted its position in Shutterstock by 71.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock worth $38,000 after buying an additional 834 shares during the period. Institutional investors own 82.79% of the company’s stock.

About Shutterstock

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.