Shutterstock (NYSE:SSTK) Stock Rating Upgraded by Wall Street Zen

Shutterstock (NYSE:SSTK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently commented on the company. Citigroup raised Shutterstock from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Friday, June 5th. Zacks Research downgraded shares of Shutterstock from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Finally, Weiss Ratings lowered shares of Shutterstock from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Shutterstock Stock Performance

Shares of NYSE SSTK opened at $7.43 on Friday. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $15.99. Shutterstock has a 52 week low of $7.17 and a 52 week high of $29.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $272.87 million, a PE ratio of -12.81 and a beta of 1.06.

Institutional Trading of Shutterstock

Institutional investors and hedge funds have recently bought and sold shares of the business. WealthCollab LLC lifted its position in shares of Shutterstock by 106.2% in the second quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock valued at $28,000 after buying an additional 748 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Shutterstock by 150.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock worth $34,000 after acquiring an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Shutterstock by 72.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,297 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 1,388 shares during the period. Fifth Third Bancorp raised its stake in Shutterstock by 865.9% in the 1st quarter. Fifth Third Bancorp now owns 6,346 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 5,689 shares during the period. Finally, Covestor Ltd lifted its holdings in Shutterstock by 87.7% during the 4th quarter. Covestor Ltd now owns 5,538 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 2,587 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Shutterstock Company Profile

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.