Shares of Shutterstock, Inc. (NYSE:SSTK) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $38.60.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Shutterstock from a “buy” rating to a “hold” rating in a report on Friday. Cantor Fitzgerald reiterated a “hold” rating and set a $40.00 price objective on shares of Shutterstock in a report on Tuesday, October 31st. ValuEngine downgraded Shutterstock from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. BidaskClub downgraded Shutterstock from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Jefferies Group increased their price objective on Shutterstock from $30.00 to $34.00 and gave the stock an “underperform” rating in a report on Wednesday, November 1st.

Shutterstock (SSTK) traded down $0.52 during midday trading on Monday, hitting $44.19. The stock had a trading volume of 136,143 shares, compared to its average volume of 214,741. The firm has a market capitalization of $1,530.00, a price-to-earnings ratio of 64.04 and a beta of 1.50. Shutterstock has a 52 week low of $29.85 and a 52 week high of $55.07.

Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $141.10 million for the quarter, compared to analyst estimates of $133.24 million. Shutterstock had a return on equity of 9.71% and a net margin of 4.58%. Shutterstock’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. sell-side analysts expect that Shutterstock will post 0.69 EPS for the current fiscal year.

In other news, insider Jeffrey Kane Weiser sold 4,449 shares of Shutterstock stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $38.00, for a total transaction of $169,062.00. Following the completion of the transaction, the insider now directly owns 30,500 shares in the company, valued at approximately $1,159,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 47.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SSTK. Bank of New York Mellon Corp lifted its holdings in Shutterstock by 167.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 824,055 shares of the business services provider’s stock worth $36,323,000 after purchasing an additional 516,226 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Shutterstock during the 2nd quarter worth approximately $20,224,000. Van Berkom & Associates Inc. lifted its holdings in Shutterstock by 24.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,580,964 shares of the business services provider’s stock worth $52,630,000 after purchasing an additional 307,357 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Shutterstock during the 3rd quarter worth approximately $9,356,000. Finally, Jackson Square Partners LLC lifted its holdings in Shutterstock by 11.1% during the 2nd quarter. Jackson Square Partners LLC now owns 2,493,419 shares of the business services provider’s stock worth $109,909,000 after purchasing an additional 250,067 shares during the last quarter. 59.80% of the stock is owned by institutional investors and hedge funds.

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About Shutterstock

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.

Analyst Recommendations for Shutterstock (NYSE:SSTK)

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