A number of firms have modified their ratings and price targets on shares of Shutterstock (NYSE: SSTK) recently:

  • 9/6/2017 – Shutterstock was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “
  • 9/1/2017 – Shutterstock was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/25/2017 – Shutterstock was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “
  • 8/24/2017 – Shutterstock was downgraded by analysts at Jefferies Group LLC from a “hold” rating to an “underperform” rating. They now have a $30.00 price target on the stock, down previously from $50.00.
  • 8/15/2017 – Shutterstock is now covered by analysts at SunTrust Banks, Inc.. They set a “hold” rating and a $36.00 price target on the stock.
  • 8/9/2017 – Shutterstock was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “
  • 8/8/2017 – Shutterstock was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/3/2017 – Shutterstock had its price target lowered by analysts at Deutsche Bank AG from $41.00 to $33.00. They now have a “hold” rating on the stock.
  • 8/1/2017 – Shutterstock was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Shutterstock was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shutterstock, Inc. (SSTK) traded up 1.45% during midday trading on Thursday, hitting $33.62. The company’s stock had a trading volume of 250,050 shares. Shutterstock, Inc. has a 52-week low of $29.85 and a 52-week high of $65.16. The company has a market cap of $1.16 billion, a PE ratio of 41.40 and a beta of 1.45. The stock has a 50 day moving average of $36.21 and a 200 day moving average of $41.92.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.12. Shutterstock had a net margin of 5.59% and a return on equity of 11.08%. The company had revenue of $134 million for the quarter, compared to the consensus estimate of $137.83 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Shutterstock, Inc. will post $1.16 EPS for the current year.

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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