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 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SSTK shares.
View SSTK analyst ratings or view top-rated stocks.

5 equities research analysts have issued 12-month target prices for Shutterstock's stock. Their SSTK share price forecasts range from $84.00 to $90.00. On average, they expect the company's share price to reach $87.33 in the next year. This suggests a possible upside of 79.3% from the stock's current price.
View analysts price targets for SSTK or view top-rated stocks among Wall Street analysts.

Shutterstock's stock was trading at $52.72 on January 1st, 2023. Since then, SSTK stock has decreased by 7.6% and is now trading at $48.72.
View the best growth stocks for 2023 here.

Shutterstock saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,990,000 shares, an increase of 51.7% from the April 30th total of 2,630,000 shares. Based on an average daily trading volume, of 584,900 shares, the short-interest ratio is currently 6.8 days. Approximately 16.5% of the company's stock are sold short.
View Shutterstock's Short Interest.

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

Shutterstock, Inc. (NYSE:SSTK) released its quarterly earnings results on Tuesday, October, 26th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating 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 trailing twelve-month return on equity of 26.63% and a net margin of 9.76%. Shutterstock's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share.

Shutterstock declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.27 per share on Thursday, June 15th. This represents a $1.08 annualized dividend and a yield of 2.22%. The ex-dividend date is Wednesday, May 31st.
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), SPDR S&P Internet ETF (XWEB), Amplify Online Retail ETF (IBUY), ProShares Online Retail ETF (ONLN), Invesco Dynamic Media ETF (PBS), Global X E-Commerce ETF (EBIZ), ProShares Long Online/Short Stores ETF (CLIX) and Long Cramer Tracker ETF (LJIM).

Shutterstock (NYSE:SSTK) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.15%. 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 47.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSTK will have a dividend payout ratio of 31.67% 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 FY23 earnings guidance on Tuesday, April, 25th. The company provided earnings per share guidance of $4.00-$4.10 for the period, compared to the consensus EPS estimate of $4.02. The company issued revenue guidance of $844-$853 million, compared to the consensus revenue estimate of $849.36 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.76%), Macquarie Group Ltd. (4.49%), Copeland Capital Management LLC (2.73%), Renaissance Technologies LLC (2.59%), State Street Corp (2.45%) and Dimensional Fund Advisors LP (2.35%). 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 $48.72.

Shutterstock (NYSE:SSTK) has a market capitalization of $1.76 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 $2.26 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.