Shutterstock (NYSE:SSTK) Stock Passes Below 200-Day Moving Average – What’s Next?

Shutterstock, Inc. (NYSE:SSTK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.94 and traded as low as $13.95. Shutterstock shares last traded at $14.0610, with a volume of 338,111 shares traded.

Trending Headlines about Shutterstock

Here are the key news stories impacting Shutterstock this week:

• Negative Sentiment: Getty Images called off the merger after UK regulators pushed for Shutterstock to divest its editorial business, creating a major deal obstacle and removing the takeover premium investors had been expecting. Shutterstock Shares Plunge Nearly 30% After Merger With Getty Is Called Off
• Negative Sentiment: The deal collapse also raises questions about Shutterstock’s standalone outlook, especially as the company faces growing competition from AI-generated image tools and loses the strategic benefits investors had been pricing in from the merger. Shutterstock shares crash 29% after Getty Images calls off $3.7 billion merger

Analyst Ratings Changes

A number of equities research analysts have weighed in on SSTK shares. Weiss Ratings downgraded Shutterstock from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup raised Shutterstock from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, June 5th. Wall Street Zen cut shares of Shutterstock from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Shutterstock from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $7.00.

Shutterstock Price Performance

The company has a market cap of $363.91 million, a P/E ratio of -17.08 and a beta of 1.07. The company has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $16.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.51 and a quick ratio of 0.51.

Shutterstock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Thursday, June 4th. Shutterstock’s payout ratio is presently -248.28%.

Hedge Funds Weigh In On Shutterstock

Hedge funds and other institutional investors have recently modified their holdings of the stock. WealthCollab LLC increased its stake in Shutterstock by 40.7% in the 3rd quarter. WealthCollab LLC now owns 2,043 shares of the business services provider’s stock worth $43,000 after purchasing an additional 591 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Shutterstock by 4.7% during the fourth quarter. New York State Teachers Retirement System now owns 13,437 shares of the business services provider’s stock valued at $257,000 after buying an additional 601 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Shutterstock by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 18,096 shares of the business services provider’s stock valued at $301,000 after buying an additional 668 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Shutterstock by 6.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 13,558 shares of the business services provider’s stock worth $259,000 after buying an additional 846 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Shutterstock by 8.9% in the third quarter. Franklin Resources Inc. now owns 11,218 shares of the business services provider’s stock worth $234,000 after buying an additional 919 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Shutterstock Company Profile

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.