Shutterstock CFO Sells $207,060 in Stock (SSTK)
Shutterstock (NYSE:SSTK) CFO Timothy E. Bixby unloaded 2,436 shares of Shutterstock stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $85.00, for a total transaction of $207,060.00. Following the sale, the chief financial officer now directly owns 16,484 shares in the company, valued at approximately $1,401,140. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Shutterstock in a research note on Wednesday, May 28th. They now have a $90.00 price target on the stock. 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Shutterstock currently has an average rating of “Buy” and an average target price of $81.52.
Shutterstock (NYSE:SSTK) traded down 1.60% during mid-day trading on Thursday, hitting $83.53. 219,983 shares of the company’s stock traded hands. Shutterstock has a 1-year low of $47.55 and a 1-year high of $103.01. The stock has a 50-day moving average of $71.21 and a 200-day moving average of $78.15. The company has a market cap of $2.940 billion and a P/E ratio of 113.49.
Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.