Here is What Institutional Investors Think About Shutterstock Inc (NYSE:SSTK)

April 17, 2018 - By Tina Thibodeau

Shutterstock, Inc. (NYSE:SSTK) Logo

Sentiment for Shutterstock Inc (NYSE:SSTK)

Shutterstock Inc (NYSE:SSTK) institutional sentiment increased to 1.02 in Q4 2017. Its up 0.10, from 0.92 in 2017Q3. The ratio is better, as 64 active investment managers increased or started new positions, while 63 trimmed and sold equity positions in Shutterstock Inc. The active investment managers in our partner’s database now have: 19.96 million shares, down from 20.53 million shares in 2017Q3. Also, the number of active investment managers holding Shutterstock Inc in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 17 Reduced: 46 Increased: 37 New Position: 27.

Shutterstock, Inc. provides content services and products in North America, Europe, and internationally. The company has market cap of $1.78 billion. It offers digital imagery services, which include licensed photographs, vectors, illustrations, and video clips that clients use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and commercial music services comprising music tracks and sound effects that are used to complement digital imagery. It has a 108.86 P/E ratio. The firm provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial names.

The stock increased 1.00% or $0.51 during the last trading session, reaching $51.17. About 50,696 shares traded. Shutterstock, Inc. (NYSE:SSTK) has risen 17.70% since April 17, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Analysts await Shutterstock, Inc. (NYSE:SSTK) to report earnings on May, 2. They expect $0.21 earnings per share, 0.00 % or $0.00 from last year’s $0.21 per share. SSTK’s profit will be $7.30 million for 60.92 P/E if the $0.21 EPS becomes a reality. After $0.22 actual earnings per share reported by Shutterstock, Inc. for the previous quarter, Wall Street now forecasts -4.55 % negative EPS growth.

Bernzott Capital Advisors holds 3.85% of its portfolio in Shutterstock, Inc. for 676,130 shares. Van Berkom & Associates Inc. owns 1.45 million shares or 2.04% of their US portfolio. Moreover, G2 Investment Partners Management Llc has 1.44% invested in the company for 86,628 shares. The Colorado-based Arrowmark Colorado Holdings Llc has invested 1.28% in the stock. Matarin Capital Management Llc, a Connecticut-based fund reported 322,763 shares.#img1#

Shutterstock, Inc. (NYSE:SSTK) Ratings Coverage

Ratings analysis reveals 0 of Shutterstock’s analysts are positive. Out of 3 Wall Street analysts rating Shutterstock, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $34 while the high is $43. The stock’s average target of $41.33 is -19.23% below today’s ($51.17) share price. SSTK was included in 4 notes of analysts from October 31, 2017. Jefferies maintained Shutterstock, Inc. (NYSE:SSTK) on Wednesday, November 1 with “Underperform” rating. Deutsche Bank maintained Shutterstock, Inc. (NYSE:SSTK) rating on Friday, February 23. Deutsche Bank has “Hold” rating and $43 target. The stock of Shutterstock, Inc. (NYSE:SSTK) has “Sell” rating given on Thursday, February 22 by Jefferies.

Shutterstock, Inc. (NYSE:SSTK) Institutional Positions Chart

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