Today, Shutterstock Inc. (SSTK) Given Hold Rating at Jefferies Group

Today, Shutterstock Inc. (SSTK) Given Hold Rating at Jefferies Group
Shutterstock Inc. (NYSE:SSTK)‘s stock had its “hold” rating reissued by analysts at Jefferies Group in a research report issued on Tuesday. They presently have a $55.00 price objective on the stock, down from their previous price objective of $62.00. Jefferies Group’s target price suggests a potential upside of 12.50% from the company’s current price.

SSTK has been the topic of a number of other reports. Zacks Investment Research cut Shutterstock from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Cantor Fitzgerald reiterated a “hold” rating and set a $60.00 target price on shares of Shutterstock in a research note on Tuesday, August 23rd. Citigroup Inc. cut Shutterstock from an “outperform” rating to a “market perform” rating in a research note on Monday, November 7th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Shutterstock in a report on Monday, November 7th. Finally, RBC Capital Markets reissued a “hold” rating and issued a $60.00 price objective on shares of Shutterstock in a report on Friday, November 4th. Eight equities research analysts have rated the stock with a hold rating, Shutterstock currently has a consensus rating of “Hold” and a consensus price target of $54.67.

Shutterstock (NYSE:SSTK) traded down 1.21% during trading on Tuesday, hitting $48.89. 97,101 shares of the company traded hands. The stock has a 50 day moving average price of $55.95 and a 200 day moving average price of $53.28. The company has a market capitalization of $1.72 billion, a P/E ratio of 58.97 and a beta of 1.72. Shutterstock has a 12-month low of $25.44 and a 12-month high of $65.16.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. Shutterstock had a return on equity of 12.78% and a net margin of 6.17%. The business had revenue of $123.10 million for the quarter, compared to analysts’ expectations of $127.58 million. During the same period last year, the business earned $0.28 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Shutterstock will post $1.57 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. American International Group Inc. raised its position in Shutterstock by 0.4% in the third quarter. American International Group Inc. now owns 14,152 shares of the company’s stock worth $901,000 after buying an additional 50 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Shutterstock by 1.2% in the third quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the company’s stock worth $541,000 after buying an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its position in Shutterstock by 2.8% in the third quarter. D.A. Davidson & CO. now owns 4,025 shares of the company’s stock worth $256,000 after buying an additional 110 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Shutterstock by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 18,118 shares of the company’s stock worth $830,000 after buying an additional 207 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Shutterstock by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 2,765 shares of the company’s stock worth $127,000 after buying an additional 330 shares during the last quarter. 67.54% of the stock is owned by institutional investors.

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