Shutterstock Company Profile (NYSE:SSTK)

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

Shutterstock announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 12th 2017, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Shutterstock, Inc. (NYSE:SSTK) posted its earnings results on Wednesday, August, 2nd. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.12. The company earned $134 million during the quarter, compared to the consensus estimate of $137.83 million. Shutterstock had a return on equity of 11.08% and a net margin of 5.59%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. View Shutterstock's Earnings History.

Shutterstock is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Shutterstock.

7 equities research analysts have issued twelve-month price objectives for Shutterstock's shares. Their forecasts range from $33.00 to $50.00. On average, they anticipate Shutterstock's stock price to reach $42.40 in the next twelve months. View Analyst Ratings for Shutterstock.

Here are some recent quotes from research analysts about Shutterstock stock:

• 1. According to Zacks Investment Research, "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. " (8/9/2017)
• 2. Jefferies Group LLC analysts commented, "SSTK reported disappointing 4th quarter results with both a top and bottom line miss. Paid download growth continued to decelerate and grew 6% Y/ Y. Mgmt highlighted the transition from a marketplace to a platform which is being accomplished through a scalable tech stack enabling an end-end workflow platform." (2/28/2017)
• 3. Cantor Fitzgerald analysts commented, "We're maintaining a Neutral rating and adjusting our PT to $43 from $52, on the back of soft 4Q16 results and 2017 outlook relative to our/Street expectations. A slowdown in growth of paid downloads contributed to a top line and EPS miss. Management is hopeful that the major tech re-platforming, which took place in 2016, and plans to transform the business from a marketplace into an endto-end workflow platform, should help accelerate the volume and pace of product innovation, improvements to customer experience, and re-accelerate revenue growth. We opt to remain on the sidelines, however, till further evidence emerges showing the positive impact on the underlying metrics. Adobe and a maturing ecommerce segment pose intermediate and long-term risk potential, in our view. The shares are down about 16% this morning." (2/28/2017)
• 4. Royal Bank Of Canada analysts commented, "Q4 Revenue of $130MM was below Street's $135MM, as was Adj. EBITDA of $25.9MM vs. Street at $29MM. Mgmt issued FY17 Revenue guidance of $545-560MM (+10-13% growth), 5% below Street at the mid-pt. EBITDA guide of $105-110MM (19-20% margin) was also below Street's prior $119MM, and we believe the outlook for flattish margins was a negative. Additionally, mgmt discussed a gradual transformation from a marketplace to an integrated platform, though few specifics were provided." (2/27/2017)

Some companies that are related to Shutterstock include Yirendai (YRD), Moneysupermarket.Com Group PLC (MONY), TrueCar (TRUE), Yext (YEXT), NIC (EGOV), Blucora (BCOR), Liberty TripAdvisor Holdings (LTRPA), Angie's List (ANGI), Tucows (TCX), Care.com (CRCM), Gocompare.Com Group PLC (GOCO), Iomart Group Plc (IOM), Hostelworld Group PLC (HSW), Rhythmone PLC (RTHM), Leaf Group Ltd (LFGR), Minds + Machines Group Ltd (MMX), Centralnic Group PLC (CNIC) and Connecture (CNXR).

Shutterstock's management team includes the folowing people:

• Jonathan Oringer, Chairman of the Board, Chief Executive Officer, Founder
• Steven Berns CPA, Chief Financial Officer, Chief Operating Officer
• Martin Brodbeck, Chief Technology Officer
• Steven Ciardiello, Chief Accounting Officer, Principal Accounting Officer
• David Todd Giambruno, Chief Information Officer
• Jeffrey Weiser, Chief Marketing Officer
• Catherine Ulrich, Chief Product Officer
• Thomas R. Evans, Presiding Independent Director
• Deirdre Mary Bigley, Independent Director
• Jeffrey Epstein, Independent Director

Shutterstock's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Jackson Square Partners LLC (7.20%), BlackRock Inc. (6.38%), FMR LLC (6.24%), Vanguard Group Inc. (4.84%), Van Berkom & Associates Inc. (3.68%) and Bank of New York Mellon Corp (2.38%). Company insiders that own Shutterstock stock include Catherine Ulrich, Jonathan Oringer and Steven Berns. View Institutional Ownership Trends for Shutterstock.

Shutterstock's stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., FMR LLC, BlackRock Inc., Canada Pension Plan Investment Board, TIAA CREF Investment Management LLC, Stifel Financial Corp, Van Berkom & Associates Inc. and Tudor Investment Corp ET AL. View Insider Buying and Selling for Shutterstock.

Shutterstock's stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Janus Henderson Group PLC, Copper Rock Capital Partners LLC, Jackson Square Partners LLC, Russell Investments Group Ltd., Dimensional Fund Advisors LP, Rice Hall James & Associates LLC and Sei Investments Co.. View Insider Buying and Selling for Shutterstock.

Shares of Shutterstock can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Shutterstock stock can currently be purchased for approximately $33.72.