Shutterstock (NYSE:SSTK) Receives a Higher Rating From BidaskScore. Is it Time to Buy Shares?

Shutterstock, Inc. (NYSE:SSTK) Logo

Investors sentiment increased to 1.37 in Q4 2018. Its up 0.11, from 1.26 in 2018Q3. It improved, as 19 investors sold Shutterstock, Inc. shares while 40 reduced holdings. 28 funds opened positions while 53 raised stakes. 19.43 million shares or 0.83% more from 19.28 million shares in 2018Q3 were reported.

Citigroup has 6,169 shares. Bancorporation Of America De invested in 84,218 shares. Oregon Employees Retirement Fund owns 254,303 shares. First Republic Investment Mgmt Incorporated stated it has 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK). Prudential Fincl, New Jersey-based fund reported 30,868 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,324 shares. Northern Trust Corp stated it has 250,386 shares or 0% of all its holdings. Nordea Inv Management Ab accumulated 108,423 shares or 0.01% of the stock. Sei invested in 0% or 12,707 shares. Commercial Bank Of New York Mellon Corporation has 304,280 shares. Northwestern Mutual Wealth Management reported 80 shares or 0% of all its holdings. Atria Invests Llc stated it has 10,488 shares. Pnc Fincl Serv Grp holds 0% of its portfolio in Shutterstock, Inc. (NYSE:SSTK) for 1,246 shares. 49,631 were accumulated by Great Lakes Advisors Limited Liability. Swiss National Bank has 0% invested in Shutterstock, Inc. (NYSE:SSTK) for 34,000 shares.

Shutterstock (NYSE:SSTK) Stock Upgrade

BidaskScore has decided to issue a report indicating that Shutterstock (NYSE:SSTK) shares are now a ‘Sell’ in a research report made public on 17 May.

The stock decreased 1.43% or $0.58 during the last trading session, reaching $39.97. About 146,853 shares traded. Shutterstock, Inc. (NYSE:SSTK) has declined 0.80% since May 18, 2018 and is downtrending. It has underperformed by 5.17% the S&P500.

Analysts await Shutterstock, Inc. (NYSE:SSTK) to report earnings on August, 7. They expect $0.19 earnings per share, up 18.75 % or $0.03 from last year’s $0.16 per share. SSTK’s profit will be $6.69M for 52.59 P/E if the $0.19 EPS becomes a reality. After $0.25 actual earnings per share reported by Shutterstock, Inc. for the previous quarter, Wall Street now forecasts -24.00 % negative EPS growth.

Shutterstock, Inc. provides content services and products in North America, Europe, and internationally. The company has market cap of $1.41 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 48.04 P/E ratio. The firm provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial names.

More notable recent Shutterstock, Inc. (NYSE:SSTK) news were published by: Seekingalpha.com which released: “Shutterstock, Inc. (SSTK) CEO Jon Oringer on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on February 26, 2019, also Finance.Yahoo.com with their article: “Here is What Hedge Funds Think About The E.W. Scripps Company (SSP) – Yahoo Finance” published on May 02, 2019, Seekingalpha.com published: “Shutterstock: Still Undervalued, But Revenue Growth Deceleration Continues Into 2019 – Seeking Alpha” on February 27, 2019. More interesting news about Shutterstock, Inc. (NYSE:SSTK) were released by: Seekingalpha.com and their article: “Shutterstock, Inc. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on April 25, 2019 as well as Prnewswire.com‘s news article titled: “Shutterstock to Present at Upcoming Investor Conference – PRNewswire” with publication date: May 08, 2019.

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

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