Shutterstock (NYSE:SSTK) posted its quarterly earnings results on Wednesday. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.04, Stock Ratings Network reports. 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 39.9% on a year-over-year basis.
A number of research firms have recently commented on SSTK. Analysts at Deutsche Bank raised their price target on shares of Shutterstock from $41.00 to $53.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. On a related note, analysts at Jefferies Group reiterated a “buy” rating on shares of Shutterstock in a research note to investors on Thursday. They now have a $62.00 price target on the stock, up previously from $53.00. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Shutterstock in a research note to investors on Thursday. They now have a $50.00 price target on the stock, down previously from $68.00.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Shutterstock presently has an average rating of “Buy” and an average price target of $56.25.
Shares of Shutterstock (NYSE:SSTK) traded up 1.01% during mid-day trading on Friday, hitting $56.77. Shutterstock has a one year low of $21.00 and a one year 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 P/E ratio of 33.55.
In other Shutterstock news, COO Thilo Semmelbauer dumped 5,000 shares of Shutterstock stock on the open market in a transaction that occured on Thursday, August 1st. The shares were sold at an average price of $54.51, for a total value of $272,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.