Top 5 Stock Picks of Jack Ripsteen’s Potrero Capital Research

In this article, we discuss the top 5 stock picks of Jack Ripsteen’s Potrero Capital Research. If you want our extensive analysis of Jack Ripsteen’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Jack Ripsteen’s Potrero Capital Research. 

5. Shutterstock, Inc. (NYSE:SSTK)

Stake Value of Potrero Capital Research: $19,526,000

Percentage of Potrero Capital’s 13F Portfolio: 4.69%

Number of Hedge Fund Holders: 18

Shutterstock, Inc. (NYSE:SSTK) provides stock photos, stock music, and stock videos on a global scale. Shutterstock, Inc. (NYSE:SSTK) has a rich library of millions of royalty free photos, vector graphics, video clips, music, and illustrations which can be purchased for licensing. Shutterstock, Inc. (NYSE:SSTK) is one of the top stocks in Jack Ripsteen’s Q2 portfolio. 

As of the end of the second quarter, Potrero Capital Research holds 198,899 shares in Shutterstock, Inc. (NYSE:SSTK), valued at $19.52 million. 

The third quarter EPS for Shutterstock, Inc. (NYSE:SSTK) was $0.70, beating estimates by $0.12, as reported on October 26. Shutterstock, Inc. (NYSE:SSTK)’s revenue for Q3 was $194.44 million, also exceeding estimated revenue by $8.60 million. 

Bernie McTernan, an analyst from Needham, on October 27 kept a Buy rating on Shutterstock, Inc. (NYSE:SSTK), raising the price target from $120 to $145. He believes that product enhancements will allow Shutterstock, Inc. (NYSE:SSTK) to accelerate revenue growth in FY22 and FY23. 

Here is what Bernzott Capital Advisors has to say about Shutterstock, Inc. (NYSE:SSTK) in their Q4 2020 investor letter:

“Shutterstock (SSTK): Improved financial results and signs of recovering digital advertising markets both contributed to good stock performance for this provider of stock content. Its transition to a subscription business continues to progress.”