In last trading session, Shutterstock Inc (NYSE:SSTK) saw 0.56 million shares changing hands with its beta currently measuring 1.08. Company’s recent per share price level of $29.52 trading at $0.76 or 2.64% at ring of the bell on the day assigns it a market valuation of $1.03B. That closing price of SSTK’s stock is at a discount of -84.28% from its 52-week high price of $54.40 and is indicating a premium of 7.52% from its 52-week low price of $27.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 588.84K if we extend that period to 3-months.
For Shutterstock Inc (SSTK), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.85 in the current quarter.
Shutterstock Inc (NYSE:SSTK) trade information
Upright in the green during last session for gaining 2.64%, in the last five days SSTK remained trading in the green while hitting it’s week-highest on Tuesday, 01/28/25 when the stock touched $29.52 price level, adding 1.07% to its value on the day. Shutterstock Inc’s shares saw a change of -2.73% in year-to-date performance and have moved 0.89% in past 5-day. Shutterstock Inc (NYSE:SSTK) showed a performance of -3.02% in past 30-days. Number of shares sold short was 2.87 million shares which calculate 3.16 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 56 to the stock, which implies a rise of 47.29% to its current value. Analysts have been projecting 56 as a low price target for the stock while placing it at a high target of 56. It follows that stock’s current price would drop -89.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -89.7% for stock’s current value.
Shutterstock Inc (SSTK) estimates and forecasts
Statistics highlight that Shutterstock Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -33.24% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 12.70. This year revenue growth is estimated to rise 7.36% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 254.16M for the same. And 3 analysts are in estimates of company making revenue of 257.36M in the next quarter. Company posted 217.22M and 214.31M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.53% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -63.59% while estimates for its earnings growth in next 5 years are of -9.21%.
Shutterstock Inc (NYSE:SSTK)’s Major holders
Insiders are in possession of 31.64% of company’s total shares while institution are holding 79.68 percent of that, with stock having share float percentage of 116.56%. Investors also watch the number of corporate investors in a company very closely, which is 79.68% institutions for Shutterstock Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SSTK for having 3.98 million shares of worth $153.87 million. And as of 2024-06-30, it was holding 11.171 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.9 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.1458 of outstanding shares, having a total worth of $112.2 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 1.58 shares of worth $46.62 million or 4.53% of the total outstanding shares. The later fund manager was in possession of 813.28 shares on Sep 30, 2024 , making its stake of worth around $24.01 million in the company or a holder of 2.33% of company’s stock.
