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 authorized a stock buyback program on Wednesday, April 12th 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Shutterstock Inc (NYSE:SSTK) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.24 EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.12. The business earned $134 million during the quarter, compared to analyst estimates of $137.83 million. Shutterstock had a net margin of 2.29% and a return on equity of 4.33%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. View Shutterstock's Earnings History.

Shutterstock is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Shutterstock.

7 brokerages have issued 1-year price targets for Shutterstock's stock. Their forecasts range from $30.00 to $50.00. On average, they anticipate Shutterstock's share price to reach $38.40 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. " (10/4/2017)
• 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 Cars.com (CARS), Moneysupermarket.Com Group PLC (MONY), TrueCar (TRUE), NIC (EGOV), Yext (YEXT), 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
• 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
• Paul J. Hennessy, Independent Director

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 $34.01.