Brokerages expect Shutterstock Inc (NYSE:SSTK) to announce $170.73 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Shutterstock’s earnings, with the lowest sales estimate coming in at $167.45 million and the highest estimate coming in at $173.90 million. Shutterstock reported sales of $156.58 million in the same quarter last year, which indicates a positive year over year growth rate of 9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Shutterstock will report full-year sales of $685.48 million for the current fiscal year, with estimates ranging from $682.30 million to $690.73 million. For the next financial year, analysts anticipate that the company will post sales of $750.86 million, with estimates ranging from $743.86 million to $760.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Shutterstock.

Shutterstock (NYSE:SSTK) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.25 EPS for the quarter, missing the 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 business had revenue of $163.33 million for the quarter, compared to analysts’ expectations of $166.80 million. During the same period last year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis.

A number of research analysts have weighed in on SSTK shares. SunTrust Banks reissued a “hold” rating and issued a $44.00 target price on shares of Shutterstock in a report on Tuesday. Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.00.

Shares of Shutterstock stock traded down $0.10 during trading on Friday, hitting $38.68. 149,718 shares of the company’s stock traded hands, compared to its average volume of 214,843. Shutterstock has a 1 year low of $31.77 and a 1 year high of $55.76. The stock has a market capitalization of $1.37 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21.

In other Shutterstock news, insider Martin Brodbeck sold 5,677 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $46.48, for a total value of $263,866.96. Following the transaction, the insider now owns 41,619 shares of the company’s stock, valued at $1,934,451.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas R. Evans sold 2,500 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $40.29, for a total value of $100,725.00. The disclosure for this sale can be found here. 46.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SSTK. Clearbridge Investments LLC raised its stake in Shutterstock by 7.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,159,728 shares of the business services provider’s stock valued at $54,078,000 after purchasing an additional 80,587 shares during the period. Nordea Investment Management AB raised its stake in Shutterstock by 2.3% during the 1st quarter. Nordea Investment Management AB now owns 110,884 shares of the business services provider’s stock valued at $5,170,000 after purchasing an additional 2,461 shares during the period. BlueMountain Capital Management LLC raised its stake in Shutterstock by 53.6% during the 1st quarter. BlueMountain Capital Management LLC now owns 40,600 shares of the business services provider’s stock valued at $1,893,000 after purchasing an additional 14,171 shares during the period. Bernzott Capital Advisors raised its stake in Shutterstock by 0.8% during the 1st quarter. Bernzott Capital Advisors now owns 894,819 shares of the business services provider’s stock valued at $41,725,000 after purchasing an additional 6,765 shares during the period. Finally, Man Group plc raised its stake in Shutterstock by 35.1% during the 1st quarter. Man Group plc now owns 108,704 shares of the business services provider’s stock valued at $5,068,000 after purchasing an additional 28,258 shares during the period. 54.95% of the stock is currently owned by hedge funds and other institutional investors.

About Shutterstock

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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