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
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