Nebula Research & Development LLC Sells 3,163 Shares of Shutterstock, Inc. (NYSE:SSTK)

Nebula Research & Development LLC lessened its position in shares of Shutterstock, Inc. (NYSE:SSTK) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,875 shares of the business services provider’s stock after selling 3,163 shares during the period. Nebula Research & Development LLC’s holdings in Shutterstock were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SSTK. Barclays PLC lifted its stake in Shutterstock by 238.6% during the third quarter. Barclays PLC now owns 50,565 shares of the business services provider’s stock worth $1,788,000 after purchasing an additional 35,632 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Shutterstock by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,413 shares of the business services provider’s stock worth $545,000 after buying an additional 894 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Shutterstock during the 4th quarter worth $691,000. Harbor Capital Advisors Inc. boosted its stake in Shutterstock by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 35,120 shares of the business services provider’s stock valued at $1,066,000 after buying an additional 532 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Shutterstock by 14.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,270 shares of the business services provider’s stock valued at $919,000 after acquiring an additional 3,734 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SSTK shares. JMP Securities reissued a “market perform” rating on shares of Shutterstock in a report on Monday, January 6th. Truist Financial downgraded shares of Shutterstock from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Needham & Company LLC lowered their price target on shares of Shutterstock from $45.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, StockNews.com initiated coverage on Shutterstock in a report on Tuesday, April 8th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.33.

Shutterstock Stock Down 0.7 %

Shares of NYSE:SSTK opened at $16.81 on Wednesday. The firm has a market cap of $586.57 million, a P/E ratio of 16.48 and a beta of 1.13. Shutterstock, Inc. has a 12-month low of $14.35 and a 12-month high of $46.10. The business has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $26.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.23.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The company had revenue of $250.30 million for the quarter, compared to the consensus estimate of $254.16 million. Shutterstock had a return on equity of 20.39% and a net margin of 4.03%. Shutterstock’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. Analysts predict that Shutterstock, Inc. will post 3.12 earnings per share for the current year.

Shutterstock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date of this dividend is Thursday, June 5th. Shutterstock’s dividend payout ratio is currently 130.69%.

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.