Shutterstock Inc (NYSE:SSTK)’s traded shares stood at 0.57 million during the last session, with the company’s beta value hitting 1.08. At the close of trading, the stock’s price was $30.96, to imply a decrease of -0.96% or -$0.3 in intraday trading. The SSTK share’s 52-week high remains $54.40, putting it -75.71% down since that peak but still an impressive 11.82% since price per share fell to its 52-week low of $27.30. The company has a valuation of $1.08B, with an average of 1.5 million shares in intraday trading volume over the past 10 days and average of 620.91K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Shutterstock Inc (SSTK), translating to a mean rating of 2.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SSTK a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.85.
Shutterstock Inc (NYSE:SSTK) trade information
After registering a -0.96% downside in the last session, Shutterstock Inc (SSTK) has traded red over the past five days. The 5-day price performance for the stock is 1.24%, and -2.03% over 30 days. With these gigs, the year-to-date price performance is 2.01%. Short interest in Shutterstock Inc (NYSE:SSTK) saw shorts transact 3.26 million shares and set a 8.69 days time to cover.
The extremes give us $56 and $56 for target low and target high price respectively. As such, SSTK has been trading -80.88% off suggested target high and -80.88% from its likely low.
Shutterstock Inc (SSTK) estimates and forecasts
Looking at statistics comparing Shutterstock Inc share performance against respective industry, we note that the company has underperformed competitors. Shutterstock Inc (SSTK) shares are -24.71% down over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 11.00%. The rating firms project that company’s revenue will grow 7.36% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 254.16M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 257.36M.Earnings reports from the last fiscal year show that sales brought in 217.22M and 214.31M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.01% before jumping 20.09% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.53% for the past 5-year period. While 2025 is set for a -63.59% return in earnings, projections for the next 5 years are at 1.06% annually.
SSTK Dividends
Shutterstock Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Shutterstock Inc has a forward dividend ratio of 1.20, with the share yield ticking at 3.88% to continue the rising pattern observed over the past year.
Shutterstock Inc (NYSE:SSTK)’s Major holders
Shutterstock Inc insiders hold 31.64% of total outstanding shares, with institutional holders owning 80.31% of the shares at 117.48% float percentage. In total, 80.31% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 3.98 million shares (or 11.171% of shares), all amounting to roughly $153.87 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.9 million shares, or about 8.1458% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $112.2 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Shutterstock Inc (SSTK) shares. Going by data provided on Oct 31, 2024 , iShares Core S&P Smallcap ETF holds roughly 1.56 shares. This is just over 4.47% of the total shares, with a market valuation of $48.23 million. Data from the same date shows that the other fund manager holds a little less at 813.28, or 2.33% of the shares, all valued at about 25.18 million.
