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Shutterstock Receives $65.63 Consensus PT from Brokerages (NYSE:SSTK)

Shutterstock (NYSE:SSTK) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, Market Beat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $65.63.

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $72.00 target price on shares of Shutterstock in a research note on Friday, September 25th. Zacks raised shares of Shutterstock from a “sell” rating to a “hold” rating in a research note on Monday, August 24th. Morgan Stanley started coverage on shares of Shutterstock in a report on Tuesday, July 14th. They issued an “underweight” rating and a $40.00 target price for the company. Finally, TheStreet downgraded shares of Shutterstock from a “hold” rating to a “sell” rating in a report on Friday, August 7th.

In other Shutterstock news, CEO Jonathan Oringer purchased 100,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $32.56 per share, with a total value of $3,256,000.00. Following the completion of the purchase, the chief executive officer now owns 16,156,327 shares of the company’s stock, valued at approximately $526,050,007.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Shutterstock (NYSE:SSTK) traded up 1.09% during trading on Friday, hitting $28.71. 854,683 shares of the stock were exchanged. The stock has a market cap of $1.03 billion and a P/E ratio of 49.59. Shutterstock has a 52 week low of $27.50 and a 52 week high of $84.06. The firm’s 50 day moving average price is $30.93 and its 200-day moving average price is $47.35.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The firm earned $104.40 million during the quarter, compared to the consensus estimate of $105.36 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, analysts predict that Shutterstock will post $1.16 EPS for the current year.

Shutterstock, Inc. (NYSE:SSTK) manages a world-wide marketplace for commercial digital content, including images, video and music. The Company’s commercial digital imagery includes video clips and authorized photos, illustrations that companies use in their own visual communications, including corporate communications, digital and print marketing materials, Websites, books, publications and video content while commercial music contains music tracks. The demand for commercial digital imagery and music comes from businesses, advertising services and media organizations. It reaches new customers via a set of marketing channels, including direct mail, print advertising, tradeshows, email marketing, on-line display advertising, affiliate marketing online, public relations, social media and ventures. The Company’s internet market provides a searchable number of commercial digital imagery and music that download, its users can pay to license and incorporate in their work.

Receive News & Ratings for Shutterstock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shutterstock and related companies with MarketBeat.com’s FREE daily email newsletter.

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Shutterstock Receives $65.63 Consensus PT from Brokerages (NYSE:SSTK)

Zacks: Analysts Anticipate Shutterstock Will Announce Earnings of $0.15 Per Share (NYSE:SSTK)

Equities analysts predict that Shutterstock (NYSE:SSTK) will post $0.15 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Shutterstock’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.13. Shutterstock also posted earnings per share of $0.15 in the same quarter last year. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, November 5th.

On average, analysts expect that Shutterstock will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.77. For the next year, analysts expect that the company will post earnings of $0.95 per share, with EPS estimates ranging from $0.84 to $1.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Shutterstock.

Shutterstock (NYSE:SSTK) last posted its earnings results on Thursday, August 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $104.40 million for the quarter, compared to the consensus estimate of $105.36 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year.

Shares of Shutterstock (NYSE:SSTK) opened at 28.48 on Wednesday. The company’s 50-day moving average price is $31.14 and its 200 day moving average price is $48.33. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 49.19. Shutterstock has a 12-month low of $27.50 and a 12-month high of $84.06.

A number of equities analysts have weighed in on SSTK shares. Zacks raised Shutterstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Morgan Stanley assumed coverage on Shutterstock in a report on Tuesday, July 14th. They issued an “underweight” rating and a $40.00 price objective on the stock. Cantor Fitzgerald restated a “buy” rating and set a $100.00 price target on shares of Shutterstock in a report on Sunday, July 12th. RBC Capital reiterated an “outperform” rating and issued a $86.00 price objective on shares of Shutterstock in a report on Tuesday, August 4th. Finally, William Blair cut Shutterstock from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.70.

In other Shutterstock news, CEO Jonathan Oringer acquired 100,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $34.02 per share, for a total transaction of $3,402,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,256,327 shares of the company’s stock, valued at $553,040,244.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shutterstock, Inc. (NYSE:SSTK) operates a world-wide market for commercial digital content, including images, video and music. The Company’s commercial digital vision includes video clips and licensed photos, illustrations that businesses use in their visual communications, such as Websites, print and digital marketing materials, corporate communications, books, publications and video content while commercial music includes music tracks. The need for music and commercial digital vision comes from media organizations and companies, advertising agencies. It reaches new customers through a group of marketing channels, including email marketing, print advertising, tradeshows, on-line display advertising, direct mail, online affiliate marketing, public relations, social media and ventures. The online marketplace of the Company’s supplies a searchable collection of commercial digital imagery and music that its users can pay to license, download and incorporate into their work.

To get a free copy of Zacks’ research report on Shutterstock (SSTK), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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Zacks: Analysts Anticipate Shutterstock Will Announce Earnings of $0.15 Per Share (NYSE:SSTK)

Analysts Set Shutterstock Inc (NYSE:SSTK) Price Target at $60.63

Shutterstock Inc (NYSE:SSTK) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $60.63.

A number of brokerages have issued reports on SSTK. Cantor Fitzgerald reiterated a “buy” rating and set a $72.00 price objective on shares of Shutterstock in a research note on Friday, September 25th. Deutsche Bank reiterated a “hold” rating and set a $39.00 price objective (down previously from $40.00) on shares of Shutterstock in a research note on Friday, November 6th. Zacks Investment Research upgraded Shutterstock from a “sell” rating to a “hold” rating in a research note on Monday, September 7th. TheStreet upgraded Shutterstock from a “sell” rating to a “hold” rating in a research note on Friday, October 16th. Finally, RBC Capital reiterated a “sector perform” rating and set a $38.00 price objective on shares of Shutterstock in a research note on Friday, December 4th.

Shutterstock (NYSE:SSTK) opened at 31.47 on Thursday. The stock has a market cap of $1.14 billion and a PE ratio of 58.39. The stock’s 50 day moving average price is $34.11 and its 200-day moving average price is $40.52. Shutterstock has a 12 month low of $27.50 and a 12 month high of $74.30.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. During the same quarter in the previous year, the firm posted $0.26 EPS. The company had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $106.46 million. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. Analysts anticipate that Shutterstock will post $1.15 EPS for the current fiscal year.

Shutterstock, Inc. (NYSE:SSTK) 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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Analysts Set Shutterstock Inc (NYSE:SSTK) Price Target at $60.63

Shutterstock Raised to "Hold" at Zacks (SSTK)

Zacks upgraded shares of Shutterstock (NYSE:SSTK) from a sell rating to a hold rating in a research report sent to investors on Monday, MarketBeat reports.

According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “

In other news, CEO Jonathan Oringer acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of $34.02 per share, for a total transaction of $3,402,000.00. Following the acquisition, the chief executive officer now directly owns 16,256,327 shares in the company, valued at $553,040,244.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Shutterstock (NYSE:SSTK) traded down 0.33% on Monday, hitting $30.14. The stock had a trading volume of 843,752 shares. The company has a 50-day moving average of $32.33 and a 200 day moving average of $54.95. Shutterstock has a 52 week low of $28.96 and a 52 week high of $84.06. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 52.06.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $104.40 million for the quarter, compared to analyst estimates of $105.36 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts predict that Shutterstock will post $1.16 EPS for the current year.

SSTK has been the subject of several other reports. Cantor Fitzgerald reaffirmed a buy rating and set a $100.00 price target on shares of Shutterstock in a research report on Sunday, July 12th. Morgan Stanley started coverage on Shutterstock in a report on Tuesday, July 14th. They set an underweight rating and a $40.00 price objective for the company. Topeka Capital Markets assumed coverage on Shutterstock in a report on Thursday, May 28th. They issued a buy rating and a $92.00 price target for the company. Jefferies Group lowered Shutterstock from a buy rating to a hold rating and dropped their price objective for the company from $90.00 to $39.00 in a research note on Friday, August 7th. Finally, TheStreet downgraded Shutterstock from a hold rating to a sell rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $64.70.

Shutterstock, Inc. (NYSE:SSTK) runs a worldwide marketplace for commercial digital content, including images, video and music. The Organization ‘s commercial digital imagery consists of video clips and accredited photos, illustrations that companies use inside their visual communications, for example corporate communications, digital and print marketing materials, Websites, books, publications and video content while commercial music includes music tracks. The need for music and commercial digital vision comes from businesses, advertising services and media organizations. It reaches new customers through a set of marketing channels, including email marketing, print advertising, tradeshows, online display advertising, direct mail, affiliate marketing, public relations, social media and partnerships. The internet marketplace of the Company’s provides a freely searchable number of commercial digital imagery and music that download its users can pay to license and incorporate into their work.

To get a free copy of the research report on Shutterstock (SSTK), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

Shutterstock Raised to "Hold" at Zacks (SSTK)

Shutterstock Earns "Sector Perform" Rating from RBC Capital (SSTK)

RBC Capital reaffirmed their sector perform rating on shares of Shutterstock (NYSE:SSTK) in a research note issued to investors on Wednesday morning, Market Beat.com reports. The brokerage currently has a $38.00 target price on the stock.

In related news, CEO Jonathan Oringer purchased 100,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $34.02 per share, with a total value of $3,402,000.00. Following the completion of the purchase, the chief executive officer now owns 16,256,327 shares in the company, valued at approximately $553,040,244.54. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Shutterstock (NYSE:SSTK) traded up 5.80% during midday trading on Wednesday, reaching $37.78. The company’s stock had a trading volume of 2,565,694 shares. The company has a 50-day moving average price of $31.08 and a 200-day moving average price of $46.30. Shutterstock has a 12 month low of $27.50 and a 12 month high of $84.06. The firm has a market cap of $1.36 billion and a price-to-earnings ratio of 70.09.

Shutterstock (NYSE:SSTK) last issued its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $106.46 million. During the same quarter last year, the business posted $0.26 EPS. Shutterstock’s quarterly revenue was up 28.2% on a year-over-year basis. Equities analysts expect that Shutterstock will post $1.15 earnings per share for the current year.

SSTK has been the topic of several other research reports. Cantor Fitzgerald reissued a buy rating and issued a $72.00 target price on shares of Shutterstock in a research report on Friday, September 25th. Morgan Stanley assumed coverage on Shutterstock in a research report on Tuesday, July 14th. They set an underweight rating and a $40.00 Zacks upgraded Shutterstock from a sell rating to a hold rating in a research note on Wednesday, October 7th. Finally, Jefferies Group downgraded Shutterstock from a buy rating to a hold rating and cut their target price for the company from $90.00 to $39.00 in a research report on Friday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Shutterstock presently has a consensus rating of Hold and a consensus price target of $61.50.

Shutterstock, Inc. (NYSE:SSTK) runs a worldwide marketplace for commercial digital content, including pictures, video and music. The Company’s commercial digital vision consists of video clips and licensed photos, illustrations that firms use inside their visual communications, such as Websites, digital and print marketing materials, corporate communications, novels, publications and video content while commercial music contains music tracks. The interest in commercial digital vision and music comes from media organizations and companies, marketing agencies. It reaches new customers through a group of marketing channels, including tradeshows, print advertising, online display advertising, email marketing, direct mail, internet affiliate marketing, public relations, social media and partnerships. The Organization ‘s online market provides a searchable number of music and commercial digital imagery that download its users can pay to license and incorporate in their work.

Shutterstock Earns "Sector Perform" Rating from RBC Capital (SSTK)

Analysts Set Shutterstock Target Price at $65.63 (NYSE:SSTK)

Shares of Shutterstock (NYSE:SSTK) have been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the company, Analyst Ratings.Net reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.63.

Shutterstock (NYSE:SSTK) traded down 0.70% on Wednesday, hitting $31.24. 435,129 shares of the stock were exchanged. The company has a 50-day moving average price of $34.69 and a 200-day moving average price of $55.74. Shutterstock has a 52-week low of $28.96 and a 52-week high of $84.06. The firm has a market cap of $1.13 billion and a PE ratio of 53.96.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm earned $104.40 million during the quarter, compared to the consensus estimate of $105.36 million. The company’s revenue was up 30.1% on a year-over-year basis. On average, equities research analysts anticipate that Shutterstock will post $1.16 EPS for the current fiscal year.

In other Shutterstock news, CEO Jonathan Oringer acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average cost of $34.02 per share, with a total value of $3,402,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,256,327 shares of the company’s stock, valued at approximately $553,040,244.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of equities research analysts recently issued reports on SSTK shares. Zacks raised Shutterstock from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Cantor Fitzgerald reissued a “buy” rating and set a $100.00 price objective on shares of Shutterstock in a report on Sunday, July 12th. Morgan Stanley began coverage on Shutterstock in a research note on Tuesday, July 14th. They issued an “underweight” rating and a $40.00 target price for the company. Topeka Capital Markets initiated coverage on Shutterstock in a research report on Thursday, May 28th. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Jefferies Group downgraded Shutterstock from a “buy” rating to a “hold” rating and decreased their target price for the company from $90.00 to $39.00 in a report on Friday, August 7th.

Analysts Set Shutterstock Target Price at $65.63 (NYSE:SSTK)

Analysts Set Shutterstock PT at $65.63 (NYSE:SSTK)

Shutterstock (NYSE:SSTK) has been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $65.63.

Several analysts have commented on the company. Cantor Fitzgerald reduced their price objective on Shutterstock from $100.00 to $72.00 and set a “buy” rating on the stock in a research note on Sunday, August 9th. Jefferies Group lowered Shutterstock from a “buy” rating to a “hold” rating and reduced their price target for the stock from $90.00 to $39.00 in a research report on Friday, August 7th. Zacks raised Shutterstock from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, William Blair downgraded Shutterstock from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th.

Shares of Shutterstock (NYSE:SSTK) traded up 1.01% during mid-day trading on Thursday, hitting $32.96. 360,070 shares of the stock traded hands. Shutterstock has a one year low of $28.96 and a one year high of $84.06. The company has a market cap of $1.19 billion and a P/E ratio of 56.93. The stock has a 50 day moving average price of $32.13 and a 200-day moving average price of $51.47.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. During the same quarter in the prior year, the business posted $0.25 EPS. The company had revenue of $104.40 million for the quarter, compared to analysts’ expectations of $105.36 million. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, analysts forecast that Shutterstock will post $1.16 earnings per share for the current fiscal year.

In related news, CEO Jonathan Oringer bought 100,000 shares of Shutterstock stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $34.02 per share, with a total value of $3,402,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,256,327 shares in the company, valued at approximately $553,040,244.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shutterstock, Inc. (NYSE:SSTK) runs a global market for commercial digital content, including images, video and music. The Business ‘s commercial digital vision is made of accredited photos, illustrations and video clips that companies use inside their visual communications, including publications, print and digital marketing materials, corporate communications, books, Websites and video content while commercial music includes music tracks. The demand for commercial digital vision and music comes from media organizations and businesses, marketing services. It reaches new customers via some marketing channels, including online display advertising, print advertising, tradeshows, email marketing, direct mail, affiliate marketing online, public relations, social media and partnerships. The online market of the Company’s provides a searchable number of commercial digital imagery and music that its users can pay to license, download and incorporate in their work.

Analysts Set Shutterstock PT at $65.63 (NYSE:SSTK)

Zacks Upgrades Shutterstock to "Hold" (SSTK)

Shutterstock (NYSE:SSTK) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports.

SSTK has been the subject of several other research reports. RBC Capital restated an “outperform” rating and set a $86.00 target price on shares of Shutterstock in a report on Wednesday, June 17th. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price target on shares of Shutterstock in a research note on Wednesday, June 17th. Morgan Stanley started coverage on shares of Shutterstock in a research report on Tuesday, July 14th. They issued an “underweight” rating and a $40.00 price objective on the stock. Jefferies Group lowered shares of Shutterstock from a “buy” rating to a “hold” rating and lowered their price target for the stock from $90.00 to $39.00 in a research report on Friday, August 7th. Finally, William Blair downgraded shares of Shutterstock from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Shutterstock presently has a consensus rating of “Hold” and an average price target of $64.70.

Shares of Shutterstock (NYSE:SSTK) traded down 1.15% on Wednesday, reaching $33.65. 415,557 shares of the company traded hands. The stock has a 50 day moving average of $31.80 and a 200 day moving average of $52.64. Shutterstock has a 52-week low of $28.96 and a 52-week high of $84.06. The stock has a market cap of $1.21 billion and a price-to-earnings ratio of 58.12.

Shutterstock (NYSE:SSTK) last issued its earnings results on Thursday, August 6th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm earned $104.40 million during the quarter, compared to the consensus estimate of $105.36 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts expect that Shutterstock will post $1.16 earnings per share for the current year.

In related news, CEO Jonathan Oringer acquired 100,000 shares of the stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $34.02 per share, for a total transaction of $3,402,000.00. Following the purchase, the chief executive officer now directly owns 16,256,327 shares of the company’s stock, valued at approximately $553,040,244.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shutterstock, Inc. (NYSE:SSTK) runs a global market for commercial digital content, including images, video and music. The commercial digital imagery of the Company’s includes accredited photographs, illustrations and video clips that companies use inside their visual communications, for example publications, print and digital marketing materials, corporate communications, novels, Websites and video content while commercial music includes music tracks. The need for commercial digital vision and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a group of marketing channels, including on-line display advertising, print advertising, tradeshows, email marketing, direct mail, online affiliate marketing, public relations, social media and ventures. The online market of the Company’s provides a searchable assortment of music and commercial digital imagery that its users can pay to license, download and incorporate into their work.

To get a free copy of the research report on Shutterstock (SSTK), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

Zacks Upgrades Shutterstock to "Hold" (SSTK)