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)
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