Can analysts adopt a bullish outlook for Shutterstock, Inc. (NYSE:SSTK)?

April 21, 2018 - By Adrian Erickson

Shutterstock, Inc. (NYSE:SSTK) LogoInvestors sentiment increased to 1.02 in Q4 2017. Its up 0.10, from 0.92 in 2017Q3. It increased, as 17 investors sold Shutterstock, Inc. shares while 46 reduced holdings. 27 funds opened positions while 37 raised stakes. 19.96 million shares or 2.76% less from 20.53 million shares in 2017Q3 were reported.
Victory Capital Mngmt holds 4,015 shares or 0% of its portfolio. Rhumbline Advisers holds 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK) for 41,555 shares. Wells Fargo And Mn holds 0% or 28,409 shares in its portfolio. Moreover, Prudential Fincl has 0% invested in Shutterstock, Inc. (NYSE:SSTK) for 76,892 shares. Northwestern Mutual Wealth Mgmt has invested 0% in Shutterstock, Inc. (NYSE:SSTK). Citadel Llc invested in 0% or 89,659 shares. Goldman Sachs holds 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK) for 284,143 shares. Riverhead Management Ltd holds 1,752 shares. Thrivent Finance For Lutherans reported 0% stake. Teacher Retirement System Of Texas has invested 0% in Shutterstock, Inc. (NYSE:SSTK). Ny State Teachers Retirement holds 7,950 shares or 0% of its portfolio. Amer Intll Grp Inc reported 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK). Morgan Stanley holds 1.11M shares or 0.01% of its portfolio. Wellington Management Group Inc Ltd Liability Partnership holds 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK) for 85,093 shares. Envestnet Asset Inc invested 0% in Shutterstock, Inc. (NYSE:SSTK).

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 4 analyst reports since October 31, 2017 according to SRatingsIntel. Jefferies maintained Shutterstock, Inc. (NYSE:SSTK) rating on Thursday, February 22. Jefferies has “Sell” rating and $41.0 target. The firm has “Underperform” rating given on Wednesday, November 1 by Jefferies. The rating was maintained by Deutsche Bank with “Hold” on Friday, February 23. Below is a list of Shutterstock, Inc. (NYSE:SSTK) latest ratings and price target changes.

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
01/11/2017 Broker: Jefferies Rating: Underperform Old Target: $30 New Target: $34 Maintain
31/10/2017 Broker: Cantor Fitzgerald Rating: Hold New Target: $40.0

The stock decreased 1.20% or $0.62 during the last trading session, reaching $51.23. About 119,409 shares traded. Shutterstock, Inc. (NYSE:SSTK) has risen 17.70% since April 21, 2017 and is uptrending. It has outperformed by 6.15% 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 109 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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