Shutterstock (SSTK) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shutterstock in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SSTK shares.
View SSTK analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1 year price objectives for Shutterstock's stock. Their SSTK share price forecasts range from $76.00 to $85.00. On average, they anticipate the company's share price to reach $81.33 in the next year. This suggests a possible upside of 112.9% from the stock's current price.
View analysts price targets for SSTK or view top-rated stocks among Wall Street analysts.

Shutterstock's stock was trading at $52.72 at the beginning of the year. Since then, SSTK shares have decreased by 27.5% and is now trading at $38.21.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SSTK earnings forecast.

Shutterstock, Inc. (NYSE:SSTK) announced its quarterly earnings data on Tuesday, August, 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.01. The business services provider had revenue of $208.84 million for the quarter, compared to analyst estimates of $214.46 million. Shutterstock had a net margin of 13.35% and a trailing twelve-month return on equity of 25.93%.

Shutterstock announced a quarterly dividend on Monday, July 17th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.27 per share on Thursday, September 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for SSTK.

ETFs with the largest weight of Shutterstock (NYSE:SSTK) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco Next Gen Media and Gaming ETF (PBS), Global X E-Commerce ETF (EBIZ), Amplify Online Retail ETF (IBUY), ERShares Entrepreneurs ETF (ENTR), Small Cap US Equity Select ETF (RNSC) and Franklin Disruptive Commerce ETF (BUYZ).

Shutterstock (NYSE:SSTK) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.79%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSTK will have a dividend payout ratio of 32.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSTK.

Shutterstock issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $4.00-$4.17 for the period, compared to the consensus EPS estimate of $4.08. The company issued revenue guidance of $852.00 million-$869.00 million, compared to the consensus revenue estimate of $852.65 million.

25 employees have rated Shutterstock Chief Executive Officer Stan Pavlovsky on Glassdoor.com. Stan Pavlovsky has an approval rating of 55% among the company's employees. This puts Stan Pavlovsky in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shutterstock investors own include Alibaba Group (BABA), CVS Health (CVS), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE), RTX (RTX) and AT&T (T).

Shutterstock trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSTK."

Shutterstock's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.39%), Renaissance Technologies LLC (3.51%), Copeland Capital Management LLC (2.81%), Dimensional Fund Advisors LP (2.53%), State Street Corp (2.50%) and Boston Trust Walden Corp (1.53%). Insiders that own company stock include Deirdre Mary Bigley, Jarrod Yahes, Jonathan Oringer, Paul J Hennessy, Peter Silvio, Stan Pavlovsky, Steven Ciardiello and Thomas R Evans.
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Shares of SSTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SSTK stock can currently be purchased for approximately $38.21.

Shutterstock (NYSE:SSTK) has a market capitalization of $1.38 billion and generates $827.83 million in revenue each year. The business services provider earns $76.10 million in net income (profit) each year or $3.10 on an earnings per share basis.

The company employs 1,328 workers across the globe.

Shutterstock's mailing address is 350 FIFTH AVENUE 21ST FLOOR, NEW YORK NY, 10118. The official website for the company is www.shutterstock.com. The business services provider can be reached via phone at (646) 710-3417 or via email at ir@shutterstock.com.