Were Analysts Bullish Shutterstock, Inc. (NYSE:SSTK) This Week?

July 16, 2018 - By Jason Dias

Shutterstock, Inc. (NYSE:SSTK) LogoInvestors sentiment increased to 1.42 in 2018 Q1. Its up 0.40, from 1.02 in 2017Q4. It is positive, as 10 investors sold Shutterstock, Inc. shares while 42 reduced holdings. 34 funds opened positions while 40 raised stakes. 18.89 million shares or 5.40% less from 19.96 million shares in 2017Q4 were reported.
Moreover, Millennium Mngmt Ltd has 0.01% invested in Shutterstock, Inc. (NYSE:SSTK) for 104,907 shares. 70,166 are owned by Bancshares Of America Corp De. Moreover, Texas Permanent School Fund has 0.01% invested in Shutterstock, Inc. (NYSE:SSTK). Vanguard Gru Incorporated stated it has 0% in Shutterstock, Inc. (NYSE:SSTK). Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Shutterstock, Inc. (NYSE:SSTK) for 5,899 shares. Cap Impact Advsr Limited Liability Company owns 36,375 shares for 0.72% of their portfolio. Fmr Ltd Liability Company reported 239,552 shares stake. Wells Fargo & Mn holds 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK) for 28,794 shares. Regions Finance, a Alabama-based fund reported 49 shares. State Of Alaska Department Of Revenue accumulated 5,928 shares. Dimensional Fund Lp reported 478,376 shares stake. Switzerland-based Swiss Natl Bank has invested 0% in Shutterstock, Inc. (NYSE:SSTK). Ameriprise Finance owns 96,370 shares or 0% of their US portfolio. Blackrock has invested 0.01% in Shutterstock, Inc. (NYSE:SSTK). Northwestern Mutual Wealth Mngmt invested in 80 shares or 0% of the stock.

Shutterstock, Inc. (NYSE:SSTK) Ratings Coverage

Among 3 analysts covering Shutterstock (NYSE:SSTK), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Shutterstock had 3 analyst reports since February 23, 2018 according to SRatingsIntel. The rating was maintained by Jefferies with “Sell” on Thursday, February 22. The firm has “Hold” rating by Deutsche Bank given on Friday, February 23. SunTrust maintained the stock with “Hold” rating in Tuesday, May 8 report. Below is a list of Shutterstock, Inc. (NYSE:SSTK) latest ratings and price target changes.

08/05/2018 Broker: SunTrust Rating: Hold New Target: $47.0000 Maintain
22/02/2018 Broker: Jefferies Rating: Sell New Target: $41.0 Maintain
23/02/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $36 New Target: $43 Maintain

The stock decreased 0.22% or $0.11 during the last trading session, reaching $51.05. About 75,242 shares traded. Shutterstock, Inc. (NYSE:SSTK) has declined 0.50% since July 16, 2017 and is downtrending. It has underperformed by 13.07% the S&P500.

Shutterstock, Inc. provides content services and products in North America, Europe, and internationally. The company has market cap of $1.78 billion. It offers digital imagery services, which include licensed photographs, vectors, illustrations, and video clips that clients use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and commercial music services comprising music tracks and sound effects that are used to complement digital imagery. It has a 108.62 P/E ratio. The firm provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial names.

Shutterstock, Inc. (NYSE:SSTK) Institutional Positions Chart

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