Thilo Semmelbauer Sells 5,000 Shares of Shutterstock Stock (SSTK)
Shutterstock (NYSE:SSTK) COO Thilo Semmelbauer sold 5,000 shares of Shutterstock stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $82.43, for a total transaction of $412,150.00. Following the completion of the transaction, the chief operating officer now directly owns 392,649 shares in the company, valued at approximately $32,366,057. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shutterstock (NYSE:SSTK) traded up 1.89% on Friday, hitting $84.60. 169,175 shares of the company’s stock traded hands. Shutterstock has a one year low of $23.31 and a one year high of $85.70. The stock has a 50-day moving average of $76.74 and a 200-day moving average of $64.61. The company has a market cap of $2.961 billion and a price-to-earnings ratio of 59.05.
Shutterstock (NYSE:SSTK) last released its earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.02. The company had revenue of $59.60 million for the quarter, compared to the consensus estimate of $56.82 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 40.9% on a year-over-year basis. On average, analysts predict that Shutterstock will post $0.84 earnings per share for the current fiscal year.
A number of research firms have recently commented on SSTK. Analysts at Wunderlich initiated coverage on shares of Shutterstock in a research note to investors on Friday, December 20th. They set a “buy” rating and a $92.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Shutterstock from $68.00 to $86.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Shutterstock from $53.00 to $64.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Shutterstock currently has a consensus rating of “Buy” and a consensus target price of $79.40.
Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.
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