Shutterstock - SSTK Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shutterstock in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SSTK shares.
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5 equities research analysts have issued 1 year target prices for Shutterstock's shares. Their SSTK share price forecasts range from $54.00 to $125.00. On average, they expect the company's stock price to reach $87.25 in the next twelve months. This suggests a possible upside of 75.1% from the stock's current price.
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Shutterstock's stock was trading at $110.88 at the beginning of the year. Since then, SSTK stock has decreased by 55.1% and is now trading at $49.83.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SSTK earnings forecast.

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

Shutterstock announced a quarterly dividend on Monday, July 18th. Investors of record on Thursday, September 1st will be paid a dividend of $0.24 per share on Thursday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for SSTK.

Shutterstock (NYSE:SSTK) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.93%. 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.

Shutterstock updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.65-$3.80 for the period, compared to the consensus 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.

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), Raytheon Technologies (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 a variety of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (3.17%), Conestoga Capital Advisors LLC (2.97%), Renaissance Technologies LLC (2.77%), State Street Corp (2.43%), Copeland Capital Management LLC (2.00%) and Loomis Sayles & Co. L P (1.60%). 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 $49.83.

Shutterstock (NYSE:SSTK) has a market capitalization of $1.79 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.

The company employs 1,148 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.