The stock of Shutterstock Inc (NYSE:SSTK) is a huge mover today! About 1.08 million shares traded hands or 330.76% up from the average. Shutterstock Inc (NYSE:SSTK) has risen 41.92% since April 4, 2016 and is uptrending. It has outperformed by 40.83% the S&P500.
The move comes after 7 months negative chart setup for the $1.70B company. It was reported on Nov, 4 by Barchart.com. We have $46.01 PT which if reached, will make NYSE:SSTK worth $85.00M less.
Shutterstock Inc (NYSE:SSTK) Ratings Coverage
Out of 7 analysts covering Shutterstock (NYSE:SSTK), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Shutterstock has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Friday, August 7 the stock rating was downgraded by William Blair to “Market Perform”. On Tuesday, August 25 the stock rating was upgraded by Zacks to “Sell”. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, August 7 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 25. Jefferies downgraded the stock to “Hold” rating in Friday, August 7 report. On Tuesday, August 9 the stock rating was maintained by Deutsche Bank with “Hold”. Cantor Fitzgerald maintained Shutterstock Inc (NYSE:SSTK) on Thursday, August 6 with “Buy” rating. As per Friday, October 16, the company rating was upgraded by TheStreet. The rating was upgraded by Zacks on Tuesday, September 22 to “Hold”. Cantor Fitzgerald downgraded the stock to “Hold” rating in Thursday, August 4 report.
According to Zacks Investment Research, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York.”
Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.96, from 1.04 in 2016Q1. The ratio improved, as 11 funds sold all Shutterstock Inc shares owned while 28 reduced positions. 30 funds bought stakes while 48 increased positions. They now own 22.32 million shares or 0.79% less from 22.49 million shares in 2016Q1.
Vanguard Gru last reported 1.48 million shares in the company. Arrowpoint Asset Mgmt Limited Co has invested 0.91% of its portfolio in Shutterstock Inc (NYSE:SSTK). Comml Bank Of New York Mellon accumulated 0% or 246,052 shares. Da Davidson And last reported 0.01% of its portfolio in the stock. Blackrock Fund Advsr has 1.22 million shares for 0.01% of their US portfolio. Credit Agricole S A accumulated 6,200 shares or 0% of the stock. Moreover, Public Sector Pension Inv Board has 0.01% invested in Shutterstock Inc (NYSE:SSTK) for 13,000 shares. Creative Planning has invested 0% of its portfolio in Shutterstock Inc (NYSE:SSTK). Credit Suisse Ag has invested 0% of its portfolio in Shutterstock Inc (NYSE:SSTK). Thrivent For Lutherans has 0% invested in the company for 8,910 shares. Moreover, Teachers Advisors has 0% invested in Shutterstock Inc (NYSE:SSTK) for 31,556 shares. Stifel last reported 27,995 shares in the company. State Street has 0% invested in the company for 367,761 shares. Ubs Asset Management Americas Inc holds 0% of its portfolio in Shutterstock Inc (NYSE:SSTK) for 8,471 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corp accumulated 4,600 shares or 0% of the stock.
More recent Shutterstock Inc (NYSE:SSTK) news were published by: Nasdaq.com which released: “Earnings Reaction History: Shutterstock Inc., 75.0% Follow-Through Indicator …” on November 04, 2016. Also Valuewalk.com published the news titled: “Shutterstock Inc (SSTK) â€“ No Moat, Revenue Growth Hides Profit Decline” on August 01, 2016. Prnewswire.com‘s news article titled: “Shutterstock Acquires Iconic Imagery from The Kobal Collection and The Art Archive” with publication date: September 06, 2016 was also an interesting one.
SSTK Company Profile
Shutterstock, Inc. (Shutterstock) operates as a marketplace for commercial digital imagery. Commercial digital imagery consists of licensed photographs, illustrations and videos that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content. As of April 30, 2012, Shutterstock’s image library contained more than 19 million images. It operates in North America, Europe and Rest of the world. The Firm offers a range of content types, including photography, illustrations, vector art and video footage. Shutterstockâ€™s brands include Shutterstock and Bigstock. The Company’s online marketplace provides a freely searchable library of commercial digital images that its users can pay to license, download and incorporate into their work. Users can search its library and preview watermarked versions of its content. In November 2011, Shutterstock launched Shutterstock for iPad, an application enabling visitors to search, browse and organize images using an iPad.
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