News coverage about Shutterstock (NYSE:SSTK) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shutterstock earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.3220480868991 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shutterstock (NYSE:SSTK) traded up 1.33% on Thursday, hitting $35.06. The company had a trading volume of 137,274 shares. Shutterstock has a 12-month low of $29.85 and a 12-month high of $62.66. The firm has a market capitalization of $1.21 billion, a PE ratio of 43.18 and a beta of 1.44. The firm has a 50-day moving average price of $33.92 and a 200-day moving average price of $39.68.
Shutterstock (NYSE:SSTK) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.12). The company had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $137.83 million. Shutterstock had a net margin of 5.59% and a return on equity of 11.08%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities research analysts anticipate that Shutterstock will post $1.16 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the stock. SunTrust Banks, Inc. assumed coverage on shares of Shutterstock in a research note on Tuesday, August 15th. They set a “hold” rating and a $36.00 price target on the stock. BidaskClub downgraded shares of Shutterstock from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Shutterstock from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Deutsche Bank AG reduced their target price on shares of Shutterstock from $41.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Shutterstock from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Shutterstock presently has an average rating of “Hold” and a consensus price target of $38.40.
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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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