Shutterstock, Inc. (NYSE:SSTK - Get Free Report) insider John Caine sold 5,439 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $42.91, for a total transaction of $233,387.49. Following the completion of the sale, the insider now owns 1,974 shares of the company's stock, valued at approximately $84,704.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
John Caine also recently made the following trade(s):
- On Friday, April 5th, John Caine sold 1,974 shares of Shutterstock stock. The stock was sold at an average price of $43.30, for a total transaction of $85,474.20.
- On Monday, February 5th, John Caine sold 5,440 shares of Shutterstock stock. The stock was sold at an average price of $47.20, for a total transaction of $256,768.00.
Shutterstock Price Performance
Shares of SSTK opened at $41.75 on Friday. Shutterstock, Inc. has a 1-year low of $33.80 and a 1-year high of $61.51. The stock has a market cap of $1.48 billion, a PE ratio of 13.78 and a beta of 1.13. The firm has a fifty day moving average price of $45.47 and a 200 day moving average price of $45.05.
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Shutterstock (NYSE:SSTK - Get Free Report) last announced its earnings results on Wednesday, February 21st. The business services provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Shutterstock had a net margin of 12.61% and a return on equity of 23.04%. The business had revenue of $217.22 million during the quarter, compared to analysts' expectations of $224.04 million. As a group, equities analysts expect that Shutterstock, Inc. will post 3.13 EPS for the current fiscal year.
Shutterstock Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.87%. Shutterstock's dividend payout ratio (DPR) is 39.60%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SSTK. Fifth Third Bancorp grew its position in Shutterstock by 48.7% during the fourth quarter. Fifth Third Bancorp now owns 883 shares of the business services provider's stock worth $43,000 after buying an additional 289 shares during the period. First Horizon Advisors Inc. grew its position in Shutterstock by 58.5% during the fourth quarter. First Horizon Advisors Inc. now owns 894 shares of the business services provider's stock worth $43,000 after buying an additional 330 shares during the period. Principal Financial Group Inc. grew its position in Shutterstock by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 146,428 shares of the business services provider's stock worth $7,070,000 after buying an additional 372 shares during the period. SRS Capital Advisors Inc. grew its position in Shutterstock by 433.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the business services provider's stock worth $29,000 after buying an additional 481 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Shutterstock by 7.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,387 shares of the business services provider's stock worth $395,000 after buying an additional 700 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SSTK has been the subject of a number of research analyst reports. StockNews.com cut shares of Shutterstock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $60.00 price objective on shares of Shutterstock in a research report on Thursday. Truist Financial lowered their price objective on shares of Shutterstock from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, February 22nd. Finally, Morgan Stanley initiated coverage on shares of Shutterstock in a research report on Thursday, February 22nd. They set an "equal weight" rating and a $55.00 price objective for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.50.
View Our Latest Report on Shutterstock
Shutterstock Company Profile
(
Get Free Report)
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.
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