Insider Selling: Shutterstock Inc (NYSE:SSTK) Director Sells 1,592 Shares of Stock
Shutterstock Inc (NYSE:SSTK) Director Deirdre Mary Bigley sold 1,592 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $39.41, for a total transaction of $62,740.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shutterstock stock traded down $0.43 during mid-day trading on Wednesday, reaching $38.57. 701 shares of the company traded hands, compared to its average volume of 208,763. Shutterstock Inc has a fifty-two week low of $31.77 and a fifty-two week high of $55.76. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.61 and a beta of 1.20.
Shutterstock (NYSE:SSTK) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.04). Shutterstock had a net margin of 4.68% and a return on equity of 12.99%. The company had revenue of $163.33 million for the quarter, compared to analyst estimates of $166.80 million. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Shutterstock Inc will post 0.95 EPS for the current fiscal year.
A number of research firms recently commented on SSTK. SunTrust Banks reissued a “hold” rating and set a $44.00 target price on shares of Shutterstock in a research report on Tuesday, May 21st. Zacks Investment Research raised shares of Shutterstock from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.00.
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Shutterstock Company Profile
Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.
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