Shutterstock - SSTK Stock Forecast, Price & News

Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage. The company provides its services under the Shutterstock, Bigstock, Offset, TurboSquid,PremiumBeat brand names, as well as Application programming interface to enhance workflow and project management needs, and search capabilities. It serves corporate professionals and organizations, media and broadcast companies, and small and medium-sized businesses, and individual creators. The company was founded in 2003 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SSTK shares. Needham & Company LLC decreased their price target on shares of Shutterstock from $100.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, July 27th. Morgan Stanley initiated coverage on shares of Shutterstock in a research note on Thursday, July 28th. They issued an "equal weight" rating and a $54.00 target price for the company. TheStreet lowered shares of Shutterstock from a "b-" rating to a "c+" rating in a research note on Thursday, June 16th. Truist Financial reduced their target price on shares of Shutterstock from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Finally, JMP Securities reaffirmed a "buy" rating and issued a $125.00 target price on shares of Shutterstock in a research note on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Shutterstock has an average rating of "Moderate Buy" and an average price target of $87.25.

Shutterstock Price Performance

Shares of NYSE:SSTK opened at $60.03 on Monday. The company's 50-day moving average price is $57.89 and its two-hundred day moving average price is $74.22. Shutterstock has a one year low of $50.04 and a one year high of $128.36. The stock has a market capitalization of $2.16 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.75 and a beta of 1.15.

Shutterstock (NYSE:SSTK - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. Shutterstock had a net margin of 9.79% and a return on equity of 21.42%. The firm had revenue of $206.90 million for the quarter, compared to analysts' expectations of $209.17 million. During the same period in the previous year, the firm posted $0.82 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts anticipate that Shutterstock will post 2.92 earnings per share for the current fiscal year.

Shutterstock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.24 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. Shutterstock's payout ratio is 45.28%.

Insider Activity

In other Shutterstock news, Director Deirdre Mary Bigley sold 426 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $60.59, for a total value of $25,811.34. Following the transaction, the director now directly owns 9,528 shares of the company's stock, valued at approximately $577,301.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Shutterstock news, Director Deirdre Mary Bigley sold 426 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $60.59, for a total value of $25,811.34. Following the transaction, the director now directly owns 9,528 shares of the company's stock, valued at approximately $577,301.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Hennessy purchased 10,000 shares of the stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $56.47 per share, for a total transaction of $564,700.00. Following the completion of the acquisition, the director now owns 31,134 shares in the company, valued at $1,758,136.98. The disclosure for this purchase can be found here. 35.50% of the stock is owned by insiders.