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Shutterstock (NYSE:SSTK) CFO Timothy E. Bixby unloaded 57,564 shares of Shutterstock stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $85.00, for a total value of $4,892,940.00. Following the completion of the sale, the chief financial officer now directly owns 16,484 shares in the company, valued at approximately $1,401,140. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on SSTK shares. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Shutterstock has a consensus rating of “Buy” and an average price target of $81.52.

Shutterstock (NYSE:SSTK) traded down 1.51% during mid-day trading on Friday, hitting $83.34. The stock had a trading volume of 990,321 shares. Shutterstock has a one year low of $48.05 and a one year high of $103.01. The stock has a 50-day moving average of $72.49 and a 200-day moving average of $78.52. The company has a market cap of $2.933 billion and a P/E ratio of 113.13.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data 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. On average, analysts predict that Shutterstock will post $1.00 earnings per share for the current fiscal year.

Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.

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