9,215 Shares in Shutterstock (SSTK) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Shutterstock (NYSE:SSTK) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,215 shares of the business services provider’s stock, valued at approximately $444,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSTK. 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 valued at $126,485,000 after buying 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 valued at $102,131,000 after buying an additional 137,849 shares in the last quarter. 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 valued at $24,655,000 after buying an additional 37,538 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Shutterstock by 98.6% in the fourth quarter. Schroder Investment Management Group now owns 556,747 shares of the business services provider’s stock valued at $23,956,000 after buying an additional 276,377 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Shutterstock by 10.0% in the fourth quarter. Rice Hall James & Associates LLC now owns 457,957 shares of the business services provider’s stock valued at $19,706,000 after buying an additional 41,743 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

SSTK has been the topic of a number of recent research reports. ValuEngine lowered shares of Shutterstock from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. SunTrust Banks raised their price objective on shares of Shutterstock to $47.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Deutsche Bank raised their price objective on shares of Shutterstock from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Shutterstock from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Shutterstock presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Shares of SSTK stock opened at $46.49 on Tuesday. The stock has a market capitalization of $1.60 billion, a PE ratio of 65.48 and a beta of 1.19. Shutterstock has a one year low of $29.85 and a one year high of $52.78.

Shutterstock (NYSE:SSTK) last announced its earnings results on Thursday, April 26th. The business services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The firm had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $150.14 million. Shutterstock had a net margin of 7.36% and a return on equity of 7.59%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. sell-side analysts expect that Shutterstock will post 0.81 EPS for the current year.

About Shutterstock

Shutterstock, Inc provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include 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 services comprising music tracks and sound effects that are used to complement digital imagery.

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Institutional Ownership by Quarter for Shutterstock (NYSE:SSTK)

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