Nisa Investment Advisors LLC Has $348,000 Stock Holdings in Shutterstock, Inc. $SSTK

Nisa Investment Advisors LLC lifted its holdings in Shutterstock, Inc. (NYSE:SSTK) by 4,150.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,361 shares of the business services provider’s stock after purchasing an additional 17,929 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of Shutterstock worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Performa Ltd US LLC acquired a new stake in shares of Shutterstock during the first quarter worth $25,000. HHM Wealth Advisors LLC acquired a new position in Shutterstock in the 1st quarter worth $28,000. Signaturefd LLC boosted its stake in Shutterstock by 10,268.8% in the 2nd 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. CWM LLC boosted its stake in Shutterstock by 93.8% in the 1st 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. Finally, GAMMA Investing LLC boosted its stake in Shutterstock by 71.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock worth $38,000 after purchasing an additional 834 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Shutterstock Stock Up 2.2%

SSTK stock opened at $25.08 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $22.28 and a two-hundred day moving average price of $20.04. The company has a market cap of $889.41 million, a price-to-earnings ratio of 13.85 and a beta of 1.21. Shutterstock, Inc. has a twelve month low of $14.35 and a twelve month high of $38.80.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($1.30). Shutterstock had a net margin of 6.36% and a return on equity of 18.42%. During the same period in the prior year, the company earned $1.31 earnings per share. Analysts anticipate that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SSTK. Weiss Ratings reissued a “hold (c-)” rating on shares of Shutterstock in a research report on Wednesday, October 8th. Wall Street Zen raised Shutterstock from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.00.

Shutterstock 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.