Regents Of The University Of California buys $2,655,519 stake in Shutterstock Inc (SSTK)

Shutterstock Inc (SSTK) : Regents Of The University Of California scooped up 2,697 additional shares in Shutterstock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 53,963 shares of Shutterstock Inc which is valued at $2,655,519.Shutterstock Inc makes up approximately 8.05% of Regents Of The University Of California’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in SSTK in the latest quarter, The investment management firm added 52,216 additional shares and now holds a total of 52,539 shares of Shutterstock Inc which is valued at $2,590,173. Shutterstock Inc makes up approx 0.01% of Panagora Asset Management Inc’s portfolio.Kayne Anderson Rudnick Investment Management reduced its stake in SSTK by selling 105,167 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 3,547,898 shares of SSTK which is valued at $172,108,532. Shutterstock Inc makes up approx 2.19% of Kayne Anderson Rudnick Investment Management’s portfolio.Tower Research Capital (trc) boosted its stake in SSTK in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 1,882 shares of Shutterstock Inc which is valued at $93,498. Shutterstock Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Van Berkom Associates reduced its stake in SSTK by selling 242,960 shares or 25.22% in the most recent quarter. The Hedge Fund company now holds 720,522 shares of SSTK which is valued at $42,503,593. Shutterstock Inc makes up approx 1.92% of Van Berkom Associates’s portfolio.Nationwide Fund Advisors reduced its stake in SSTK by selling 273 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 12,493 shares of SSTK which is valued at $788,058.

Shutterstock Inc closed down -0.04 points or -0.08% at $49.6 with 2,26,023 shares getting traded on Monday. Post opening the session at $49.7, the shares hit an intraday low of $48.72 and an intraday high of $49.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Shutterstock Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $0.32. The company had revenue of $123.10 million for the quarter, compared to analysts expectations of $127.59 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Shutterstock Inc. Shutterstock Inc was Downgraded by Raymond James to ” Mkt Perform” on Nov 7, 2016.

Shutterstock Inc. (Shutterstock) operates a global marketplace for commercial digital content including images video and music. The Company’s commercial digital imagery consists of licensed photographs illustrations and video clips that companies use in their visual communications such as Websites digital and print marketing materials corporate communications books publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses marketing agencies and media organizations. It reaches new customers through a set of marketing channels including online display advertising print advertising tradeshows email marketing direct mail affiliate marketing public relations social media and partnerships. The Company’s online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license download and incorporate into their work.

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