Shutterstock, Inc. (NYSE:SSTK) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its holdings in shares of Shutterstock, Inc. (NYSE:SSTK) by 15.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,424 shares of the business services provider’s stock after acquiring an additional 1,794 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Shutterstock were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC acquired a new stake in Shutterstock in the 3rd quarter worth about $8,493,000. Rice Hall James & Associates LLC boosted its holdings in Shutterstock by 40.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 529,387 shares of the business services provider’s stock worth $18,724,000 after buying an additional 153,154 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Shutterstock by 11,862.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 114,241 shares of the business services provider’s stock worth $4,041,000 after buying an additional 113,286 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Shutterstock in the 3rd quarter worth about $2,018,000. Finally, Marshall Wace LLP boosted its holdings in Shutterstock by 250.0% in the 2nd quarter. Marshall Wace LLP now owns 55,299 shares of the business services provider’s stock worth $2,140,000 after buying an additional 39,499 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSTK has been the topic of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Shutterstock in a report on Monday, January 6th. Needham & Company LLC lowered their price objective on Shutterstock from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Truist Financial lowered their target price on Shutterstock from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com initiated coverage on Shutterstock in a report on Sunday. They set a “hold” rating on the stock. Finally, Morgan Stanley lowered their target price on Shutterstock from $58.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.33.

Shutterstock Trading Down 1.1 %

Shares of Shutterstock stock opened at $29.21 on Monday. The stock has a market cap of $1.02 billion, a P/E ratio of 28.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $31.03 and its 200-day simple moving average is $33.58. Shutterstock, Inc. has a 1-year low of $27.30 and a 1-year high of $54.40.

Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.06 by $0.25. The firm had revenue of $250.59 million for the quarter, compared to analyst estimates of $240.90 million. Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Analysts predict that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Company 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.