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. “
A number of other equities research analysts have also weighed in on the company. Jefferies Group restated a hold rating and set a $62.00 price objective (up previously from $60.00) on shares of Shutterstock in a research note on Friday, September 16th. Cantor Fitzgerald reiterated a hold rating on shares of Shutterstock in a research report on Friday, September 9th. Finally, Deutsche Bank AG lifted their target price on Shutterstock from $42.00 to $56.00 and gave the stock a hold rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $55.00.
Shutterstock (NYSE:SSTK) opened at 61.36 on Tuesday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 91.72 and a beta of 1.68. The stock’s 50 day moving average price is $61.14 and its 200 day moving average price is $49.72. Shutterstock has a 12-month low of $25.44 and a 12-month high of $65.16.
Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Shutterstock had a return on equity of 11.05% and a net margin of 5.24%. The firm earned $124.40 million during the quarter, compared to analyst estimates of $124.29 million. During the same quarter last year, the firm earned $0.31 EPS. Shutterstock’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts forecast that Shutterstock will post $1.45 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in SSTK. Societe Generale bought a new stake in shares of Shutterstock during the second quarter valued at about $100,000. Teacher Retirement System of Texas increased its stake in shares of Shutterstock by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 2,765 shares of the company’s stock valued at $127,000 after buying an additional 330 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Shutterstock during the first quarter valued at $103,000. Royal Bank of Canada increased its stake in shares of Shutterstock by 79.7% in the second quarter. Royal Bank of Canada now owns 2,929 shares of the company’s stock valued at $134,000 after buying an additional 1,299 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Shutterstock by 3.5% in the first quarter. Legal & General Group Plc now owns 3,642 shares of the company’s stock valued at $134,000 after buying an additional 122 shares during the last quarter. 64.02% of the stock is currently owned by institutional investors and hedge funds.
Shutterstock, Inc (Shutterstock) is a global provider of creative content and commercial music. The Company’s creative content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content.
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