Shutterstock (SSTK) Announces Quarterly Results
Shutterstock (NYSE:SSTK) posted its quarterly earnings results on Thursday. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03, Analyst Ratings Net reports. The company had revenue of $80.24 million for the quarter, compared to the consensus estimate of $77.68 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis.
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. On a related note, 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. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $81.20.
In other Shutterstock news, COO Thilo Semmelbauer sold 5,000 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $76.31, for a total transaction of $381,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Shutterstock (NYSE:SSTK) traded up 2.74% on Thursday, hitting $78.42. 315,581 shares of the company’s stock traded hands. 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 $79.66 and a 200-day moving average of $77.85. The company has a market cap of $2.760 billion and a P/E ratio of 102.05.
Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.
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