Equitec Proprietary Markets LLC Buys Shares of 3,000 Shutterstock, Inc. $SSTK

Equitec Proprietary Markets LLC purchased a new stake in Shutterstock, Inc. (NYSE:SSTK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,000 shares of the business services provider’s stock, valued at approximately $57,000. Shutterstock accounts for approximately 0.1% of Equitec Proprietary Markets LLC’s holdings, making the stock its 16th largest position.

Other institutional investors have also recently made changes to their positions in the company. Performa Ltd US LLC acquired a new position in Shutterstock in the first quarter valued at approximately $25,000. HHM Wealth Advisors LLC acquired a new position in shares of Shutterstock in the 1st quarter valued at $28,000. Signaturefd LLC lifted its stake in shares of Shutterstock by 10,268.8% in the 2nd quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,643 shares during the last quarter. CWM LLC grew its holdings in shares of Shutterstock by 93.8% during the 1st quarter. CWM LLC now owns 1,810 shares of the business services provider’s stock worth $34,000 after purchasing an additional 876 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Shutterstock by 71.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock worth $38,000 after purchasing an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

SSTK has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Shutterstock from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of Shutterstock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Shutterstock has a consensus rating of “Hold” and an average price target of $25.00.

Shutterstock Trading Down 2.6%

Shares of SSTK stock opened at $21.41 on Friday. Shutterstock, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $38.80. The company has a 50 day moving average price of $22.41 and a 200 day moving average price of $20.21. The stock has a market capitalization of $760.09 million, a P/E ratio of 12.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.53.

Shutterstock (NYSE:SSTK) last released its earnings results on Wednesday, November 5th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.48). Shutterstock had a return on equity of 16.30% and a net margin of 5.89%.The business had revenue of $260.09 million for the quarter, compared to analyst estimates of $255.60 million. During the same quarter last year, the company earned $1.31 earnings per share. Shutterstock’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

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.