Shutterstock, Inc. provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include licensed photographs, vectors, illustrations, and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and commercial music services comprising music tracks and sound effects that are used to complement digital imagery. The company provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Custom, Shutterstock Music, and Shutterstock Editorial names. It also offers digital asset management services through Webdam, a cloud-based digital asset management platform, which provides tools for customers to manage content and brand management assets; and Shutterstock Editor, a cloud-based workflow tool. The company serves marketing agencies, media professionals, and other organizations. Shutterstock, Inc. was founded in 2003 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Data processing & preparation
Sub-IndustryPublishing
SectorComputer and Technology
SymbolNYSE:SSTK
CUSIP82569010
Phone646-710-3417
Debt
Debt-to-Equity RatioN/A
Current Ratio1.68
Quick Ratio1.68
Price-To-Earnings
Trailing P/E Ratio71.58
Forward P/E Ratio65.14
P/E Growth3.13
Sales & Book Value
Annual Sales$557.11 million
Price / Sales3.19
Cash Flow$1.6567 per share
Price / Cash30.67
Book Value$9.07 per share
Price / Book5.60
Profitability
EPS (Most Recent Fiscal Year)$0.71
Net Income$16.72 million
Net Margins6.54%
Return on Equity7.82%
Return on Assets4.49%
Miscellaneous
Employees1,130
Outstanding Shares34,960,000
Market Cap$1.87 billion
Shutterstock (NYSE:SSTK) Frequently Asked Questions
What is Shutterstock's stock symbol?
Shutterstock trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSTK."
How often does Shutterstock pay dividends? What is the dividend yield for Shutterstock?
Shutterstock declared a dividend on Wednesday, August 1st. Shareholders of record on Wednesday, August 15th will be paid a dividend of $3.00 per share on Wednesday, August 29th. The ex-dividend date of this dividend is Tuesday, August 14th. View Shutterstock's Dividend History.
How will Shutterstock's stock buyback program work?
Shutterstock declared that its Board of Directors has authorized a share repurchase plan on Wednesday, April 12th 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.
How were Shutterstock's earnings last quarter?
Shutterstock Inc (NYSE:SSTK) posted its quarterly earnings results on Wednesday, August, 1st. The business services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.11. The business services provider earned $156.60 million during the quarter, compared to analysts' expectations of $156.40 million. Shutterstock had a return on equity of 7.82% and a net margin of 6.54%. Shutterstock's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. View Shutterstock's Earnings History.
When is Shutterstock's next earnings date?
What price target have analysts set for SSTK?
4 equities research analysts have issued 1 year target prices for Shutterstock's shares. Their predictions range from $40.00 to $48.00. On average, they expect Shutterstock's share price to reach $43.75 in the next twelve months. This suggests that the stock has a possible downside of 13.9%. View Analyst Price Targets for Shutterstock.
What is the consensus analysts' recommendation for Shutterstock?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shutterstock in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shutterstock.
What are Wall Street analysts saying about Shutterstock stock?
Here are some recent quotes from research analysts about Shutterstock stock:
- 1. SunTrust Banks, Inc. analysts commented, "We note the company issued a special dividend of $3/share (~$105M) payable on 8/29 to stockholders of record at COB on 8/15." (8/1/2018)
- 2. 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. " (5/3/2018)
- 3. Cantor Fitzgerald analysts commented, "Better-than-expected 3Q; revenue & EBITDA 5.8%/7.9% above Street. Revenue increased 14% Y/Y ex FX to $141.1M, 5.8% above (StreetAccount) consensus of $133.3M, and EBITDA increased 1.0% Y/Y ex FX to $23.2M (16.4% margin), 7.9% above consensus’ $21.5M. Normalized EPS was $0.31 vs. the Street’s $0.27." (10/31/2017)
Who are some of Shutterstock's key competitors?
Some companies that are related to Shutterstock include RingCentral (RNG), Zendesk (ZEN), Proofpoint (PFPT), YY (YY), CarGurus (CARG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), PagSeguro Digital (PAGS), Acxiom (ACXM), Zynga (ZNGA), Bilibili (BILI), Smartsheet (SMAR), Five9 (FIVN) and Yext (YEXT).
Who are Shutterstock's key executives?
Shutterstock's management team includes the folowing people:
- Mr. Jonathan Oringer, Founder, Chairman & CEO (Age 44)
- Mr. Steven Berns, COO & CFO (Age 53)
- Mr. Steven Ciardiello, Chief Accounting Officer (Age 47)
- Mr. Martin H. Brodbeck, Chief Technology Officer (Age 45)
- Ms. Lisa Nadler, Chief HR Officer (Age 55)
Has Shutterstock been receiving favorable news coverage?
Media headlines about SSTK stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shutterstock earned a media and rumor sentiment score of 0.15 on Accern's scale. They also assigned news articles about the business services provider an impact score of 45.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Shutterstock.
Who are Shutterstock's major shareholders?
Shutterstock's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.46%), Van Berkom & Associates Inc. (3.76%), Bernzott Capital Advisors (2.08%), Dimensional Fund Advisors LP (1.52%), Rice Hall James & Associates LLC (1.46%) and Renaissance Technologies LLC (1.32%). Company insiders that own Shutterstock stock include Jeffrey Kane Weiser, Martin Brodbeck and Steven Berns. View Institutional Ownership Trends for Shutterstock.
Which major investors are selling Shutterstock stock?
SSTK stock was sold by a variety of institutional investors in the last quarter, including Sensato Investors LLC, FMR LLC, Millennium Management LLC, Bank of America Corp DE, BlueMountain Capital Management LLC, Mackay Shields LLC, Van Berkom & Associates Inc. and Arizona State Retirement System. Company insiders that have sold Shutterstock company stock in the last year include Jeffrey Kane Weiser and Martin Brodbeck. View Insider Buying and Selling for Shutterstock.
Which major investors are buying Shutterstock stock?
SSTK stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Canada Pension Plan Investment Board, Cornerstone Wealth Management LLC, Bernzott Capital Advisors, Rice Hall James & Associates LLC, Dimensional Fund Advisors LP and Spark Investment Management LLC. View Insider Buying and Selling for Shutterstock.
How do I buy shares of Shutterstock?
Shares of SSTK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shutterstock's stock price today?
One share of SSTK stock can currently be purchased for approximately $50.81.
How big of a company is Shutterstock?
Shutterstock has a market capitalization of $1.87 billion and generates $557.11 million in revenue each year. The business services provider earns $16.72 million in net income (profit) each year or $0.71 on an earnings per share basis. Shutterstock employs 1,130 workers across the globe.
How can I contact Shutterstock?
Shutterstock's mailing address is 350 FIFTH AVENUE 21ST FLOOR, NEW YORK NY, 10118. The business services provider can be reached via phone at 646-710-3417 or via email at [email protected]
MarketBeat Community Rating for Shutterstock (NYSE SSTK)
MarketBeat's community ratings are surveys of what our community members think about Shutterstock and other stocks. Vote "Outperform" if you believe SSTK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SSTK will underperform the S&P 500 over the long term. You may vote once every thirty days.
