Media headlines about Shutterstock (NYSE:SSTK) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Shutterstock earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.7243295113391 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
SSTK traded down $0.54 on Friday, hitting $49.20. The company’s stock had a trading volume of 172,297 shares, compared to its average volume of 287,348. Shutterstock has a 12 month low of $29.85 and a 12 month high of $52.78. The company has a market cap of $1,728.26, a PE ratio of 69.30 and a beta of 1.16.
Shutterstock (NYSE:SSTK) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Shutterstock had a net margin of 3.00% and a return on equity of 8.43%. The firm had revenue of $151.80 million during the quarter, compared to the consensus estimate of $143.66 million. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts anticipate that Shutterstock will post 0.78 earnings per share for the current year.
Several research firms have commented on SSTK. ValuEngine upgraded shares of Shutterstock from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Deutsche Bank increased their target price on shares of Shutterstock from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research raised shares of Shutterstock from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Finally, SunTrust Banks increased their target price on shares of Shutterstock to $47.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.67.
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Shutterstock Company Profile
Shutterstock, Inc provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include 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 services comprising music tracks and sound effects that are used to complement digital imagery.
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