Nebula Research & Development LLC Has $482,000 Stake in Shutterstock, Inc. (NYSE:SSTK)

Nebula Research & Development LLC reduced its holdings in Shutterstock, Inc. (NYSE:SSTK) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,875 shares of the business services provider’s stock after selling 3,163 shares during the period. Nebula Research & Development LLC’s holdings in Shutterstock were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSTK. Amundi raised its position in Shutterstock by 26.2% during the fourth quarter. Amundi now owns 2,350 shares of the business services provider’s stock worth $71,000 after acquiring an additional 488 shares in the last quarter. Covestor Ltd raised its holdings in shares of Shutterstock by 11.3% in the 4th quarter. Covestor Ltd now owns 5,092 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 515 shares during the period. Palouse Capital Management Inc. lifted its stake in Shutterstock by 13.7% in the 4th quarter. Palouse Capital Management Inc. now owns 4,357 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 525 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Shutterstock by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,120 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 532 shares during the period. Finally, Franklin Resources Inc. increased its position in Shutterstock by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,413 shares of the business services provider’s stock worth $545,000 after buying an additional 894 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial downgraded Shutterstock from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. StockNews.com initiated coverage on shares of Shutterstock in a report on Tuesday, April 8th. They issued a “hold” rating on the stock. JMP Securities restated a “market perform” rating on shares of Shutterstock in a research note on Monday, January 6th. Finally, Needham & Company LLC decreased their price target on shares of Shutterstock from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.33.

Shutterstock Trading Down 0.7 %

Shares of Shutterstock stock opened at $16.81 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a 50-day moving average of $18.40 and a 200-day moving average of $26.49. Shutterstock, Inc. has a 52-week low of $14.35 and a 52-week high of $46.10. The stock has a market cap of $586.57 million, a PE ratio of 16.48 and a beta of 1.13.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The business had revenue of $250.30 million during the quarter, compared to the consensus estimate of $254.16 million. During the same period in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that Shutterstock, Inc. will post 3.12 EPS for the current year.

Shutterstock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.33 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.32 annualized dividend and a yield of 7.85%. Shutterstock’s dividend payout ratio is presently 130.69%.

Shutterstock Company Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.