RBC Capital Reiterates “Outperform” Rating for Shutterstock (SSTK)
Shutterstock (NYSE:SSTK)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Wednesday. They currently have a $90.00 price target on the stock. RBC Capital’s price objective indicates a potential upside of 21.93% from the company’s current price.
Separately, analysts at Deutsche Bank cut their price target on shares of Shutterstock from $75.00 to $69.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.52.
Shares of Shutterstock (NYSE:SSTK) traded down 1.40% during mid-day trading on Wednesday, hitting $72.78. 12,696 shares of the company’s stock traded hands. Shutterstock has a 52-week low of $43.37 and a 52-week high of $103.01. The stock has a 50-day moving average of $69.48 and a 200-day moving average of $78.13. The company has a market cap of $2.562 billion and a P/E ratio of 98.68.
Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $69.71 million. During the same quarter last year, the company posted $0.18 earnings per share. Shutterstock’s revenue was up 42.5% compared to the same quarter last year. Analysts expect that Shutterstock will post $1.01 EPS for the current fiscal year.
Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.
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