Shutterstock - SSTK Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shutterstock in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SSTK shares.
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5 Wall Street research analysts have issued 12-month price targets for Shutterstock's stock. Their SSTK share price forecasts range from $84.00 to $125.00. On average, they predict the company's share price to reach $96.25 in the next year. This suggests a possible upside of 33.8% from the stock's current price.
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Shutterstock's stock was trading at $52.72 at the beginning of the year. Since then, SSTK shares have increased by 36.4% and is now trading at $71.92.
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Shutterstock saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,240,000 shares, an increase of 31.8% from the February 28th total of 1,700,000 shares. Based on an average trading volume of 410,800 shares, the days-to-cover ratio is currently 5.5 days. Currently, 9.3% of the shares of the stock are short sold.
View Shutterstock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our SSTK earnings forecast.

Shutterstock, Inc. (NYSE:SSTK) announced its quarterly earnings data on Tuesday, October, 26th. The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. The business services provider had revenue of $194.40 million for the quarter, compared to analyst estimates of $185.84 million. Shutterstock had a net margin of 9.19% and a trailing twelve-month return on equity of 25.45%. Shutterstock's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS.

Shutterstock announced a quarterly dividend on Monday, January 30th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.27 per share on Thursday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 1st. This is a positive change from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for SSTK.

ETFs with the largest weight of Shutterstock (NYSE:SSTK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), ProShares Online Retail ETF (ONLN), Amplify Online Retail ETF (IBUY), SPDR S&P Internet ETF (XWEB), ProShares Long Online/Short Stores ETF (CLIX), Global X E-Commerce ETF (EBIZ), Invesco Dynamic Media ETF (PBS) and Small Cap US Equity Select ETF (RNSC).

Shutterstock (NYSE:SSTK) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.50%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSTK will have a dividend payout ratio of 34.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSTK.

Shutterstock issued an update on its FY 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of $3.90-$4.05 for the period, compared to the consensus earnings per share estimate of $3.50. The company issued revenue guidance of $836.00 million-$853.00 million, compared to the consensus revenue estimate of $832.03 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), Honeywell International (HON), 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 number of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (3.81%), Copeland Capital Management LLC (2.75%), Dimensional Fund Advisors LP (2.34%), Renaissance Technologies LLC (2.34%), Millennium Management LLC (1.51%) and Boston Trust Walden Corp (1.46%). 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.

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 $71.92.

Shutterstock (NYSE:SSTK) has a market capitalization of $2.58 billion and generates $827.83 million in revenue each year. The business services provider earns $76.10 million in net income (profit) each year or $2.07 on an earnings per share basis.

The company employs 1,328 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.