Wall Street brokerages expect Shutterstock, Inc. (NYSE:SSTK) to post $137.90 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Shutterstock’s earnings. The highest sales estimate is $138.45 million and the lowest is $137.02 million. Shutterstock reported sales of $124.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that Shutterstock will report full-year sales of $137.90 million for the current year, with estimates ranging from $550.96 million to $553.68 million. For the next financial year, analysts forecast that the company will report sales of $613.63 million per share, with estimates ranging from $599.68 million to $621.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Shutterstock.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. Shutterstock had a return on equity of 12.74% and a net margin of 6.52%. The firm had revenue of $130.20 million for the quarter, compared to analyst estimates of $129.62 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Shutterstock’s quarterly revenue was up 11.6% on a year-over-year basis.

Several analysts recently commented on the company. Royal Bank Of Canada restated a “hold” rating and issued a $50.00 target price on shares of Shutterstock in a research report on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a $50.00 target price on shares of Shutterstock in a research report on Friday, June 23rd. TheStreet cut Shutterstock from a “b-” rating to a “c” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded Shutterstock from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Eight analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $49.75.

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Several large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Shutterstock by 6.9% in the fourth quarter. State Street Corp now owns 406,439 shares of the business services provider’s stock valued at $19,319,000 after buying an additional 26,101 shares in the last quarter. New York State Teachers Retirement System raised its stake in Shutterstock by 2.8% in the fourth quarter. New York State Teachers Retirement System now owns 10,850 shares of the business services provider’s stock valued at $516,000 after buying an additional 300 shares in the last quarter. Trexquant Investment LP bought a new stake in Shutterstock during the first quarter valued at $492,000. GSA Capital Partners LLP bought a new stake in Shutterstock during the fourth quarter valued at $342,000. Finally, Capital Impact Advisors LLC raised its stake in Shutterstock by 70.9% in the first quarter. Capital Impact Advisors LLC now owns 40,940 shares of the business services provider’s stock valued at $1,693,000 after buying an additional 16,983 shares in the last quarter. 60.46% of the stock is owned by institutional investors and hedge funds.

Shares of Shutterstock (NYSE SSTK) traded up 0.38% on Wednesday, reaching $44.63. The company had a trading volume of 178,752 shares. Shutterstock has a 12 month low of $39.66 and a 12 month high of $65.16. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 47.94 and a beta of 1.42. The stock has a 50 day moving average price of $44.89 and a 200-day moving average price of $45.78.

About Shutterstock

Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.

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