Shutterstock (NYSE:SSTK)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a $50.00 price objective on the stock, down from their previous price objective of $68.00. RBC Capital’s price objective would suggest a potential downside of 11.93% from the company’s current price.
Separately, analysts at Cantor Fitzgerald raised their price target on shares of Shutterstock from $48.00 to $60.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Shutterstock currently has an average rating of “Buy” and a consensus target price of $56.25.
Shutterstock (NYSE:SSTK) traded up 1.01% on Thursday, hitting $56.77. Shutterstock has a 52-week low of $21.00 and a 52-week high of $46.75. The stock’s 50-day moving average is currently $41.06. The company has a market cap of $1.903 billion and a price-to-earnings ratio of 33.55.
Shutterstock (NYSE:SSTK) last announced its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $56.80 million for the quarter, compared to the consensus estimate of $54.69 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, analysts predict that Shutterstock will post $0.80 earnings per share for the current fiscal year.
In other Shutterstock news, COO Thilo Semmelbauer sold 5,000 shares of the stock on the open market in a transaction dated Thursday, August 1st. The stock was sold at an average price of $54.51, for a total transaction of $272,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.