Shutterstock (NYSE:SSTK) had its price target increased by Deutsche Bank from $36.00 to $43.00 in a report released on Friday. They currently have a hold rating on the business services provider’s stock.
A number of other research analysts have also recently commented on the company. SunTrust Banks boosted their price objective on Shutterstock to $47.00 and gave the stock a hold rating in a research note on Friday. ValuEngine cut Shutterstock from a hold rating to a sell rating in a research note on Friday, February 2nd. Zacks Investment Research cut Shutterstock from a buy rating to a hold rating in a research note on Friday, January 5th. BidaskClub cut Shutterstock from a sell rating to a strong sell rating in a research note on Tuesday, November 7th. Finally, Jefferies Group boosted their price objective on Shutterstock from $30.00 to $34.00 and gave the stock an underperform rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Shutterstock has an average rating of Hold and an average target price of $42.67.
Shutterstock (NYSE SSTK) opened at $51.57 on Friday. The company has a market capitalization of $1,790.00, a PE ratio of 85.95 and a beta of 1.54. Shutterstock has a one year low of $29.85 and a one year high of $52.69.
Several large investors have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC lifted its stake in shares of Shutterstock by 8.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,939,453 shares of the business services provider’s stock worth $126,485,000 after acquiring an additional 217,476 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Shutterstock by 6.2% in the fourth quarter. BlackRock Inc. now owns 2,373,497 shares of the business services provider’s stock worth $102,131,000 after acquiring an additional 137,849 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Shutterstock by 0.3% in the second quarter. Vanguard Group Inc. now owns 1,674,695 shares of the business services provider’s stock worth $73,821,000 after acquiring an additional 5,258 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Shutterstock by 24.1% in the third quarter. Van Berkom & Associates Inc. now owns 1,580,964 shares of the business services provider’s stock worth $52,630,000 after acquiring an additional 307,357 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Shutterstock by 7.0% in the fourth quarter. Clearbridge Investments LLC now owns 572,968 shares of the business services provider’s stock worth $24,655,000 after acquiring an additional 37,538 shares in the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.
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Shutterstock Company Profile
Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.
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