Shutterstock, Inc. (NYSE:SSTK) Given Consensus Recommendation of “Hold” by Brokerages

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

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

Shutterstock Trading Up 1.0%

NYSE SSTK opened at $18.37 on Friday. The firm’s fifty day moving average price is $21.06 and its 200 day moving average price is $20.68. Shutterstock has a 12 month low of $14.35 and a 12 month high of $38.80. 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 company has a market capitalization of $652.40 million, a price-to-earnings ratio of 10.93 and a beta of 1.27.

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

Shutterstock Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Thursday, December 4th. Shutterstock’s dividend payout ratio (DPR) is 78.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its stake in shares of Shutterstock by 64.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 82,470 shares of the business services provider’s stock worth $1,720,000 after purchasing an additional 32,245 shares in the last quarter. Algert Global LLC acquired a new stake in Shutterstock during the 3rd quarter valued at $441,000. Creative Planning increased its position in Shutterstock by 40.9% during the third quarter. Creative Planning now owns 69,501 shares of the business services provider’s stock worth $1,449,000 after buying an additional 20,189 shares in the last quarter. California State Teachers Retirement System increased its position in Shutterstock by 7.0% during the third quarter. California State Teachers Retirement System now owns 22,709 shares of the business services provider’s stock worth $473,000 after buying an additional 1,493 shares in the last quarter. Finally, Mariner Investment Group LLC acquired a new position in shares of Shutterstock in the third quarter worth $336,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.