Shutterstock (NYSE:SSTK) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Shutterstock, Inc. (NYSE:SSTK) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.68 and traded as low as $16.55. Shutterstock shares last traded at $16.6250, with a volume of 239,658 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Shutterstock from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Shutterstock from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Shutterstock from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.00.

Shutterstock Stock Performance

The company has a market capitalization of $610.80 million, a price-to-earnings ratio of -28.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.51 and a current ratio of 0.51. The company’s fifty day simple moving average is $16.93 and its two-hundred day simple moving average is $18.68.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.38). The company had revenue of $220.22 million for the quarter, compared to analyst estimates of $252.28 million. Shutterstock had a positive return on equity of 14.12% and a negative net margin of 2.19%.Shutterstock’s revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. Equities research analysts predict that Shutterstock, Inc. will post 2.73 earnings per share for the current fiscal year.

Shutterstock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Thursday, June 4th. Shutterstock’s dividend payout ratio (DPR) is currently -248.28%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Shutterstock by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 427,114 shares of the business services provider’s stock valued at $7,094,000 after buying an additional 26,144 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Shutterstock by 14.5% in the 1st quarter. Principal Financial Group Inc. now owns 157,490 shares of the business services provider’s stock valued at $2,616,000 after buying an additional 19,890 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Shutterstock by 865.9% in the 1st quarter. Fifth Third Bancorp now owns 6,346 shares of the business services provider’s stock valued at $105,000 after buying an additional 5,689 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Shutterstock in the 1st quarter valued at about $1,661,000. Finally, Strs Ohio boosted its holdings in shares of Shutterstock by 10.9% in the 1st quarter. Strs Ohio now owns 34,700 shares of the business services provider’s stock valued at $576,000 after buying an additional 3,400 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

About Shutterstock

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.