About Shutterstock (NYSE:SSTK)
Shutterstock, Inc. (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company's library of content includes digital imagery, which consists of 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, which consists of music tracks and sound effects and which is often used to complement digital imagery. It also offers digital asset management services through its cloud-based digital asset management platform (webdam). Its global marketplace brings together users and contributors of content by providing a collection of content its customers can pay to license and incorporate into their work and by compensating contributors as their content is licensed to customers.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $1.18 billion
- Outstanding Shares: 34,628,000
Average Prices:- 50 Day Moving Avg: $33.52
- 200 Day Moving Avg: $40.09
- 52 Week Range: $29.85 - $64.60
P/E:- Trailing P/E Ratio: 42.36
- Foreward P/E Ratio: 25.96
- P/E Growth: 2.59
Sales & Book Value:- Annual Revenue: $517.47 million
- Price / Sales: 2.28
- Book Value: $8.42 per share
- Price / Book: 4.04
Profitability:- EBITDA: $57.99 million
- Net Margins: 2.29%
- Return on Equity: 4.33%
- Return on Assets: 2.47%
Debt:- Current Ratio: 1.62%
- Quick Ratio: 1.62%
Misc:- Average Volume: 273,631 shs.
- Beta: 1.44
- Short Ratio: 20
Frequently Asked Questions for Shutterstock (NYSE:SSTK)
What is Shutterstock's stock symbol?
Shutterstock trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSTK."
How will Shutterstock's stock buyback program work?
Shutterstock announced that its board has authorized a stock repurchase plan on Wednesday, April 12th 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
How were Shutterstock's earnings last quarter?
Shutterstock Inc (NYSE:SSTK) announced its quarterly earnings data 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 firm had revenue of $134 million for the quarter, compared to the consensus estimate of $137.83 million. Shutterstock had a net margin of 2.29% and a return on equity of 4.33%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. View Shutterstock's Earnings History.
When will Shutterstock make its next earnings announcement?
Where is Shutterstock's stock going? Where will Shutterstock's stock price be in 2017?
7 brokers have issued 12 month price targets for Shutterstock's stock. Their forecasts range from $30.00 to $50.00. On average, they anticipate Shutterstock's stock price to reach $38.40 in the next twelve months. View Analyst Ratings for Shutterstock.
What are analysts saying about Shutterstock stock?
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)
Who are some of Shutterstock's key competitors?
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).
Who are Shutterstock's key executives?
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
How do I buy Shutterstock stock?
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.
What is Shutterstock's stock price today?
One share of Shutterstock stock can currently be purchased for approximately $34.01.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Shutterstock (NYSE:SSTK) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 6 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.86) |
| Consensus Price Target: | $38.40 (12.91% upside) |
Consensus Price Target History for Shutterstock (NYSE:SSTK)
Analysts' Ratings History for Shutterstock (NYSE:SSTK)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/24/2017 | Jefferies Group LLC | Downgrade | Hold -> Underperform | $50.00 -> $30.00 | High |  |
| 8/15/2017 | SunTrust Banks, Inc. | Initiated Coverage | Hold -> Hold | $36.00 | Low | |
| 8/3/2017 | Deutsche Bank AG | Lower Price Target | Hold | $41.00 -> $33.00 | Low | |
| 4/21/2017 | Royal Bank Of Canada | Reiterated Rating | Hold | $50.00 | Low | |
| 2/28/2017 | Cantor Fitzgerald | Lower Price Target | | $43.00 | N/A | |
| 11/7/2016 | Raymond James Financial, Inc. | Reiterated Rating | Outperform -> Market Perform | | N/A | |
| 11/7/2016 | Citigroup Inc. | Downgrade | Outperform -> Market Perform | | N/A | |
(Data available from 10/16/2015 forward)
Earnings History for Shutterstock (NYSE:SSTK)Earnings History by Quarter for Shutterstock (NYSE SSTK)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/2/2017 | | $0.30 | | | | | N/A | |
| 8/2/2017 | Q2 2017 | $0.36 | $0.24 | $137.83 million | $134.00 million | View | Listen | |
| 5/3/2017 | Q1 2017 | $0.21 | $0.21 | $129.62 million | $130.20 million | View | Listen | |
| 2/27/2017 | Q416 | $0.45 | $0.42 | $135.28 million | $130.17 million | View | Listen | |
| 11/4/2016 | Q316 | $0.32 | $0.40 | $127.58 million | $123.10 million | View | Listen | |
| 8/4/2016 | Q216 | $0.31 | $0.36 | $124.29 million | $124.40 million | View | Listen | |
| 5/4/2016 | Q116 | $0.29 | $0.36 | $115.85 million | $116.70 million | View | Listen | |
| 2/24/2016 | Q415 | $0.33 | $0.38 | $117.42 million | $116.80 million | View | Listen | |
| 11/5/2015 | Q315 | $0.27 | $0.28 | $106.46 million | $107.30 million | View | Listen | |
| 8/6/2015 | Q215 | $0.30 | $0.31 | $105.36 million | $104.40 million | View | Listen | |
| 5/7/2015 | Q115 | $0.24 | $0.25 | $95.28 million | $97.50 million | View | Listen | |
| 2/12/2015 | Q414 | $0.32 | $0.35 | $91.40 million | $91.20 million | View | Listen | |
| 11/6/2014 | Q314 | $0.24 | $0.26 | $82.50 million | $83.70 million | View | Listen | |
| 8/7/2014 | Q214 | $0.22 | $0.25 | $77.68 million | $80.24 million | View | Listen | |
| 5/8/2014 | Q114 | $0.21 | $0.20 | $69.71 million | $72.80 million | View | Listen | |
| 2/20/2014 | Q413 | $0.21 | $0.26 | $65.86 million | $68.00 million | View | Listen | |
| 11/7/2013 | | $0.19 | $0.21 | $56.82 million | $59.60 million | View | N/A | |
| 11/7/2013 | | $0.19 | $0.21 | $56.82 million | $59.60 million | View | N/A | |
| 11/7/2013 | Q313 | $0.19 | $0.21 | $59.95 million | $59.60 million | View | Listen | |
| 8/7/2013 | Q2 2013 | $0.19 | $0.23 | $54.69 million | $56.80 million | View | Listen | |
| 5/8/2013 | Q1 2013 | $0.16 | $0.18 | $50.30 million | $51.10 million | View | Listen | |
| 2/21/2013 | Q4 2012 | $0.15 | $0.88 | $44.90 million | $49.16 million | View | Listen | |
| 11/15/2012 | Q312 | $0.22 | $0.31 | $40.82 million | $42.30 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Shutterstock (NYSE:SSTK)Current Year EPS Consensus Estimate: $1.16 EPS
Next Year EPS Consensus Estimate: $1.31 EPS
Dividend History for Shutterstock (NYSE:SSTK)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Shutterstock (NYSE:SSTK)Insider Ownership Percentage: 47.30%
Institutional Ownership Percentage: 62.92%
Insider Trades by Quarter for Shutterstock (NYSE:SSTK)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/6/2017 | Steven Berns | CFO | Sell | 9,559 | $41.74 | $398,992.66 | |
| 6/16/2016 | Steven Berns | CFO | Sell | 847 | $43.30 | $36,675.10 | |
| 3/14/2016 | Catherine Ulrich | Insider | Sell | 5,964 | $36.77 | $219,296.28 | |
| 3/1/2016 | Catherine Ulrich | Insider | Sell | 4,176 | $34.61 | $144,531.36 | |
| 8/28/2015 | Jonathan Oringer | CEO | Buy | 100,000 | $34.02 | $3,402,000.00 | |
| 8/27/2015 | Jonathan Oringer | CEO | Buy | 100,000 | $32.56 | $3,256,000.00 | |
| 6/15/2015 | Nicholas Flynn | SVP | Sell | 4,300 | $63.00 | $270,900.00 | |
| 1/2/2015 | Thilo Semmelbauer | COO | Sell | 5,000 | $67.90 | $339,500.00 | |
| 10/3/2014 | James Chou | CTO | Sell | 5,000 | $75.00 | $375,000.00 | |
| 10/1/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $70.87 | $354,350.00 | |
| 8/1/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $76.31 | $381,550.00 | |
| 7/1/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $84.59 | $422,950.00 | |
| 6/25/2014 | Timothy E Bixby | CFO | Sell | 57,564 | $85.00 | $4,892,940.00 | |
| 6/19/2014 | Timothy E Bixby | CFO | Sell | 2,436 | $85.00 | $207,060.00 | |
| 6/2/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $64.34 | $321,700.00 | |
| 5/1/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $73.93 | $369,650.00 | |
| 4/1/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $73.71 | $368,550.00 | |
| 3/3/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $98.76 | $493,800.00 | |
| 2/3/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $78.06 | $390,300.00 | |
| 1/2/2014 | Thilo Semmelbauer | COO | Sell | 5,000 | $82.43 | $412,150.00 | |
| 12/2/2013 | Thilo Semmelbauer | COO | Sell | 5,000 | $72.34 | $361,700.00 | |
| 11/1/2013 | Thilo Semmelbauer | COO | Sell | 5,000 | $70.28 | $351,400.00 | |
| 9/3/2013 | Thilo Semmelbauer | COO | Sell | 5,000 | $49.97 | $249,850.00 | |
| 8/1/2013 | Thilo Semmelbauer | COO | Sell | 5,000 | $54.51 | $272,550.00 | |
| 7/15/2013 | Thilo Semmelbauer | COO | Sell | 5,000 | $59.64 | $298,200.00 | |
| 10/11/2012 | Jeffrey E Epstein | Director | Buy | 5,880 | $17.00 | $99,960.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Shutterstock (NYSE:SSTK)
Latest Headlines for Shutterstock (NYSE:SSTK)
| Source: |
|
| Date | Headline |
|---|
 | Head to Head Comparison: Leaf Group (DMD) & Shutterstock (SSTK)
www.americanbankingnews.com - October 16 at 12:08 AM |
 | Shutterstock Announces Beta Launch of Advanced Composition Aware Search Using Deep Learning Technology
finance.yahoo.com - October 12 at 3:37 PM |
| Rokt Amps Up Growth with New Chief Revenue Officer
finance.yahoo.com - October 11 at 8:05 AM |
| Shutterstock, Inc. – Value Analysis (NYSE:SSTK) : October 10, 2017
finance.yahoo.com - October 11 at 8:05 AM |
| Shutterstock, Inc. breached its 50 day moving average in a Bullish Manner : SSTK-US : October 9, 2017
finance.yahoo.com - October 10 at 7:08 AM |
| Shutterstock To Report Third Quarter 2017 Earnings on October 31, 2017
finance.yahoo.com - October 6 at 10:45 AM |
| [$$] FirstMark Names Catherine Ulrich Managing Director
finance.yahoo.com - October 6 at 10:45 AM |
| Shutterstock, Inc. (SSTK) Expected to Announce Quarterly Sales of $132.87 Million
www.americanbankingnews.com - October 2 at 3:44 AM |
 | The Trump Tax, Worker Incentives and My $1290 Check - Forbes
www.forbes.com - October 1 at 6:37 PM |
 | Shutterstock Launches Image Editing and Licensing Capabilities into Google Slides
www.bizjournals.com - September 27 at 4:59 PM |
| Reviewing Shutterstock (SSTK) and Its Peers
www.americanbankingnews.com - September 27 at 12:06 PM |
| Shutterstock, Inc. (SSTK) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - September 23 at 2:44 PM |
 | Shutterstock - Value In High Resolution
seekingalpha.com - September 23 at 8:47 AM |
| Introducing Shutterstock Custom™
finance.yahoo.com - September 23 at 8:47 AM |
 | Million-dollar ZIP codes are on the rise — and it could spell trouble for America's homeownership rate
www.businessinsider.com - September 21 at 4:12 PM |
 | Shutterstock Enhances Plugin to Enable Further Integration with Adobe Creative ...
www.prnewswire.com - September 20 at 9:28 AM |
| Shutterstock Enhances Plugin to Enable Further Integration with Adobe Creative Cloud
finance.yahoo.com - September 20 at 9:28 AM |
| Leaf Group (LFGR) and Shutterstock (SSTK) Head-To-Head Survey
www.americanbankingnews.com - September 19 at 4:14 AM |
| Financial Comparison: Shutterstock (SSTK) vs. The Competition
www.americanbankingnews.com - September 17 at 4:46 PM |
| Head-To-Head Survey: Shutterstock (SSTK) and Its Competitors
www.americanbankingnews.com - September 15 at 10:20 AM |
| Analyzing Shutterstock (SSTK) & Its Rivals
www.americanbankingnews.com - September 14 at 2:22 AM |
 | Shutterstock Reaches Analyst Target Price
www.thestreet.com - September 12 at 10:16 AM |
| Shutterstock (SSTK) and its Competitors Financial Review
www.americanbankingnews.com - September 11 at 10:08 PM |
| Comparing TrueCar (TRUE) and Shutterstock (SSTK)
www.americanbankingnews.com - September 5 at 12:17 PM |
| Shutterstock, Inc. (SSTK) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 29 at 3:12 PM |
| 'Shrinking like a tire with a slow puncture:' UK house price growth is slowing down
www.businessinsider.com - August 29 at 6:56 AM |
| Shutterstock, Inc. (SSTK) Rating Lowered to Underperform at Jefferies Group LLC
www.americanbankingnews.com - August 24 at 10:06 PM |
| Artificial intelligence has opened up a whole new way to steal pictures online
finance.yahoo.com - August 23 at 12:00 PM |
| [$$] Shutterstock CIO Leaves After Joining Last Year
finance.yahoo.com - August 22 at 6:58 AM |
| Head-To-Head Review: Shutterstock (SSTK) and Yelp (YELP)
www.americanbankingnews.com - August 17 at 10:28 PM |
| Financial Survey: Qunar Cayman Islands (QUNR) & Shutterstock (SSTK)
www.americanbankingnews.com - August 17 at 4:22 PM |
| Shutterstock, Inc. (SSTK) Earns Hold Rating from Analysts at SunTrust Banks, Inc.
www.americanbankingnews.com - August 15 at 9:18 PM |
| See what the IHS Markit Score report has to say about Shutterstock Inc.
finance.yahoo.com - August 14 at 5:55 AM |
| Head to Head Comparison: Blucora (BCOR) vs. Shutterstock (SSTK)
www.americanbankingnews.com - August 9 at 7:11 AM |
| Brokerages Expect Shutterstock, Inc. (NYSE:SSTK) to Announce $0.25 EPS
www.americanbankingnews.com - August 6 at 7:12 AM |
| Shutterstock, Inc. (NYSE:SSTK) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 4 at 2:40 PM |
| Shutterstock Reports Second Quarter 2017 Financial Results
www.bizjournals.com - August 3 at 7:35 AM |
| Shutterstock's (SSTK) CEO Jonathan Oringer on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 3 at 7:35 AM |
 | Shutterstock Enters Oversold Territory (SSTK)
www.nasdaq.com - August 3 at 7:35 AM |
| Why Shutterstock Inc. Shares Got Shut Down Today
finance.yahoo.com - August 3 at 7:35 AM |
| Shutterstock misses Street 2Q forecasts
finance.yahoo.com - August 3 at 7:35 AM |
| Edited Transcript of SSTK earnings conference call or presentation 2-Aug-17 12:30pm GMT
finance.yahoo.com - August 3 at 7:35 AM |
 | Shutterstock Stock Shudders After Big Earnings Decline
www.fool.com - August 2 at 3:26 PM |
| Shutterstock, Inc. (NYSE:SSTK) Issues Earnings Results
www.americanbankingnews.com - August 2 at 3:02 PM |
| Shutterstock, Inc. (SSTK) Expected to Post Quarterly Sales of $137.90 Million
www.americanbankingnews.com - July 19 at 5:38 PM |
| ETFs with exposure to Shutterstock, Inc. : July 13, 2017
finance.yahoo.com - July 14 at 8:45 AM |
| Shutterstock, Inc. (NYSE:SSTK) Stock Rating Lowered by TheStreet
www.americanbankingnews.com - July 11 at 11:54 AM |
| Shutterstock Inc (SSTK) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - July 10 at 2:30 PM |
| Shutterstock To Report Second Quarter 2017 Earnings on August 2, 2017
finance.yahoo.com - July 7 at 1:35 PM |
 | 7 Stocks to Buy Before Their Earnings Breakout
investorplace.com - July 6 at 9:58 AM |
Shutterstock (SSTK) Chart for Monday, October, 16, 2017
