Wall Street brokerages predict that Shutterstock Inc (NYSE:SSTK) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Shutterstock’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.39. Shutterstock reported earnings per share of $0.42 during the same quarter last year, which indicates a negative year over year growth rate of 19%. The business is expected to issue its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that Shutterstock will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.24. For the next financial year, analysts expect that the company will report earnings of $1.39 per share, with EPS estimates ranging from $1.22 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Shutterstock.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $141.10 million for the quarter, compared to analysts’ expectations of $133.24 million. Shutterstock had a net margin of 4.58% and a return on equity of 9.71%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS.

A number of equities research analysts have recently issued reports on SSTK shares. Zacks Investment Research raised shares of Shutterstock from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Saturday, November 4th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $40.00 target price on shares of Shutterstock in a report on Tuesday, October 31st. BidaskClub cut shares of Shutterstock from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine cut shares of Shutterstock from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Jefferies Group upped their target price on shares of Shutterstock from $30.00 to $34.00 and gave the company an “underperform” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.17.

Shares of Shutterstock (NYSE SSTK) traded down $0.28 during mid-day trading on Wednesday, hitting $44.25. 188,300 shares of the stock were exchanged, compared to its average volume of 200,750. The company has a market cap of $1,550.00, a PE ratio of 64.13 and a beta of 1.50. Shutterstock has a 12 month low of $29.85 and a 12 month high of $55.07.

In related news, insider Jeffrey Kane Weiser sold 4,449 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $38.00, for a total value of $169,062.00. Following the transaction, the insider now owns 30,500 shares in the company, valued at approximately $1,159,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 47.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in SSTK. Schwab Charles Investment Management Inc. grew its position in shares of Shutterstock by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 83,914 shares of the business services provider’s stock worth $3,699,000 after purchasing an additional 878 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Shutterstock by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 36,575 shares of the business services provider’s stock worth $1,612,000 after acquiring an additional 3,149 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Shutterstock by 53.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,000 shares of the business services provider’s stock worth $264,000 after acquiring an additional 2,081 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Shutterstock by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,660 shares of the business services provider’s stock worth $117,000 after acquiring an additional 398 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Shutterstock by 1.5% during the 2nd quarter. Principal Financial Group Inc. now owns 160,854 shares of the business services provider’s stock worth $7,090,000 after acquiring an additional 2,390 shares in the last quarter. Hedge funds and other institutional investors own 59.80% of the company’s stock.

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Shutterstock Company Profile

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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