Shutterstock Inc (NYSE: SSTK) is -33.99% lower on its value in year-to-date trading and has touched a low of $32.02 and a high of $54.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SSTK stock was last observed hovering at around $32.16 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $31.87, the stock is -7.40% and -11.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -0.90% at the moment leaves the stock -23.89% off its SMA200. SSTK registered -15.33% loss for a year compared to 6-month loss of -27.14%. The firm has a 50-day simple moving average (SMA 50) of $35.934 and a 200-day simple moving average (SMA200) of $41.7989.
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The stock witnessed a -7.11% gain in the last 1 month and extending the period to 3 months gives it a -8.99%, and is -10.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 3.29% over the month.
Shutterstock Inc (SSTK) has around 1274 employees, a market worth around $1.13B and $884.84M in sales. Current P/E ratio is 24.38 and Fwd P/E is 7.49. Profit margin for the company is 5.33%. Distance from 52-week low is -0.47% and -41.42% from its 52-week high. The company has generated returns on investments over the last 12 months (8.62%).
The EPS is expected to shrink by -17.70% this year
318.0 institutions hold shares in Shutterstock Inc (SSTK), with institutional investors hold 136.78% of the company’s shares. The shares outstanding are 35.57M, and float is at 24.26M with Short Float at 15.36%. Institutions hold 93.43% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.98 million shares valued at $153.87 million. The investor’s holdings represent 11.171 of the SSTK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.9 million shares valued at $112.2 million to account for 8.1458 of the shares outstanding. The other top investors are TD ASSET MANAGEMENT INC which holds 1.79 million shares representing 5.0404 and valued at over $69.42 million, while LSV ASSET MANAGEMENT holds 5.0217 of the shares totaling 1.79 million with a market value of $69.17 million.
Shutterstock Inc (SSTK) Insider Activity
Shutterstock Inc disclosed in a document filed with the SEC on May 23 ’24 that Hennessy Paul J. (CHIEF EXECUTIVE OFFICER) bought a total of 12,500 shares of the company’s common stock. The trade occurred on May 23 ’24 and was made at $38.38 per share for $0.48 million. Following the transaction, the insider now directly holds 87803.0 shares of the SSTK stock.
Still, SEC filings show that on May 24 ’24, Yahes Jarrod (CHIEF FINANCIAL OFFICER) acquired 5,350 shares at an average price of $37.35 for $0.2 million. The insider now directly holds 43,904 shares of Shutterstock Inc (SSTK).
