In the last trading session, 1.07 million Shutterstock Inc (NYSE:SSTK) shares changed hands as the company’s beta touched 1.09. With the company’s per share price at $29.57 changed hands at $0.91 or 3.18% during last session, the market valuation stood at $1.03B. SSTK’s last price was a discount, traded about -83.97% off its 52-week high of $54.40. The share price had its 52-week low at $28.34, which suggests the last value was 4.16% up since then. When we look at Shutterstock Inc’s average trading volume, we note the 10-day average is 1.36 million shares, with the 3-month average coming to 603.75K.
Analysts gave the Shutterstock Inc (SSTK) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SSTK as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Shutterstock Inc’s EPS for the current quarter is expected to be 0.85.
Shutterstock Inc (NYSE:SSTK) trade information
Instantly SSTK was in green as seen at the end of in last trading. With action -1.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.57%, with the 5-day performance at -1.60% in the red. However, in the 30-day time frame, Shutterstock Inc (NYSE:SSTK) is -8.90% down. Looking at the short shares, we see there were 3.26 million shares sold at short interest cover period of 8.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is 56, meaning bulls need an upside of 47.2% from its current market value. According to analyst projections, SSTK’s forecast low is 56 with 56 as the target high. To hit the forecast high, the stock’s price needs a -89.38% plunge from its current level, while the stock would need to soar -89.38% for it to hit the projected low.
Shutterstock Inc (SSTK) estimates and forecasts
Data shows that the Shutterstock Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.93% over the past 6 months, a -1.15% in annual growth rate that is considerably lower than the industry average of 11.40%. Year-over-year growth is forecast to reach 7.36% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 254.16M. 3 analysts are of the opinion that Shutterstock Inc’s revenue for the current quarter will be 257.36M. The company’s revenue for the corresponding quarters a year ago was 217.22M and 214.31M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.01%. The estimates for the next quarter sales put growth at 20.09%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.53%. The 2025 estimates are for Shutterstock Inc earnings to decrease by -63.59%, but the outlook for the next 5-year period is at 1.06% per year.
SSTK Dividends
Shutterstock Inc is expected to release its next quarterly earnings report in February. The 4.06% annual yield figure for the share gives it an annual dividend of 1.20. It is important to note, however, that the 4.06% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Shutterstock Inc (NYSE:SSTK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 31.64% of Shutterstock Inc shares while 80.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 117.72%. There are 80.47% institutions holding the Shutterstock Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.171% of the shares, roughly 3.98 million SSTK shares worth $153.87 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.1458% or 2.9 million shares worth $112.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . With 1.56 shares estimated at $46.07 million under it, the former controlled 4.47% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.33% of the shares, roughly 813.28 shares worth around $24.05 million.
