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NYSE:SSTK

Shutterstock - SSTK Stock Forecast, Price & News

$62.05
+2.02 (+3.36%)
(As of 08/8/2022 05:24 PM ET)
Add
Compare
Today's Range
$60.53
$62.22
50-Day Range
$51.89
$62.87
52-Week Range
$50.04
$128.36
Volume
339,778 shs
Average Volume
339,196 shs
Market Capitalization
$2.23 billion
P/E Ratio
29.27
Dividend Yield
1.60%
Price Target
$87.25

Shutterstock MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
41.1% Upside
$87.25 Price Target
Short Interest
Healthy
9.69% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.12mentions of Shutterstock in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$564,700 Bought Last Quarter
Proj. Earnings Growth
11.99%
From $2.92 to $3.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Computer And Technology Sector

20th out of 833 stocks

Data Processing & Preparation Industry

1st out of 101 stocks

SSTK stock logo

About Shutterstock (NYSE:SSTK) Stock

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.

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SSTK Stock News Headlines

Morgan Stanley Initiates Coverage on Shutterstock (NYSE:SSTK)
Shutterstock (NYSE:SSTK) PT Lowered to $100.00
Is Shutterstock (NYSE:SSTK) A Risky Investment?
Shutterstock (SSTK) Lags Q2 Earnings Estimates
Why Shutterstock Is Falling Hard Today
See More Headlines
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SSTK Company Calendar

Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Last Earnings
7/26/2022
Today
8/08/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Publishing
CUSIP
82569010
Fax
N/A
Employees
1,148
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$87.25
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+40.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$91.88 million
Pretax Margin
11.15%

Debt

Sales & Book Value

Annual Sales
$773.41 million
Cash Flow
$4.27 per share
Book Value
$12.82 per share

Miscellaneous

Free Float
23,199,000
Market Cap
$2.23 billion
Optionable
Optionable
Beta
1.16

Key Executives














SSTK Stock - Frequently Asked Questions

Should I buy or sell Shutterstock stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shutterstock in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSTK shares.
View SSTK analyst ratings
or view top-rated stocks.

What is Shutterstock's stock price forecast for 2022?

4 analysts have issued 12-month price targets for Shutterstock's shares. Their SSTK stock forecasts range from $54.00 to $125.00. On average, they anticipate the company's share price to reach $87.25 in the next twelve months. This suggests a possible upside of 42.4% from the stock's current price.
View analysts price targets for SSTK
or view top-rated stocks among Wall Street analysts.

How has Shutterstock's stock performed in 2022?

Shutterstock's stock was trading at $110.88 at the beginning of the year. Since then, SSTK shares have decreased by 44.7% and is now trading at $61.27.
View the best growth stocks for 2022 here
.

When is Shutterstock's next earnings date?

Shutterstock is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SSTK earnings forecast
.

How were Shutterstock's earnings last quarter?

Shutterstock, Inc. (NYSE:SSTK) announced its earnings results on Tuesday, July, 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. The business services provider earned $206.90 million during the quarter, compared to analyst estimates of $209.17 million. Shutterstock had a trailing twelve-month return on equity of 21.42% and a net margin of 9.79%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS.

How often does Shutterstock pay dividends? What is the dividend yield for Shutterstock?

Shutterstock declared a quarterly dividend on Monday, July 18th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.24 per share on Thursday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for SSTK
.

Is Shutterstock a good dividend stock?

Shutterstock (NYSE:SSTK) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSTK will have a dividend payout ratio of 29.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSTK.

What guidance has Shutterstock issued on next quarter's earnings?

Shutterstock updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $3.65-$3.80 for the period, compared to the consensus EPS estimate of $3.64. The company issued revenue guidance of $835.00 million-$850.00 million, compared to the consensus revenue estimate of $842.25 million.

What is Stan Pavlovsky's approval rating as Shutterstock's CEO?

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.

What other stocks do shareholders of Shutterstock own?

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), Honeywell International (HON), Johnson & Johnson (JNJ), Pfizer (PFE), Raytheon Technologies (RTX) and AT&T (T).

What is Shutterstock's stock symbol?

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

Who are Shutterstock's major shareholders?

Shutterstock's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.97%), Copeland Capital Management LLC (2.00%), Loomis Sayles & Co. L P (1.60%), Bernzott Capital Advisors (1.37%), Pembroke Management LTD (1.00%) and Boston Trust Walden Corp (0.97%). 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.
View institutional ownership trends
.

How do I buy shares of Shutterstock?

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.
Compare Top Brokerages Here.

What is Shutterstock's stock price today?

One share of SSTK stock can currently be purchased for approximately $61.27.

How much money does Shutterstock make?

Shutterstock (NYSE:SSTK) has a market capitalization of $2.20 billion and generates $773.41 million in revenue each year. The business services provider earns $91.88 million in net income (profit) each year or $2.12 on an earnings per share basis.

How many employees does Shutterstock have?

Shutterstock employs 1,148 workers across the globe.

How can I contact Shutterstock?

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.

This page (NYSE:SSTK) was last updated on 8/8/2022 by MarketBeat.com Staff

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