Shutterstock (SSTK) Given Media Impact Score of 0.15
News coverage about Shutterstock (NYSE:SSTK) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Shutterstock earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.8281124533574 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
SSTK has been the subject of several analyst reports. BidaskClub upgraded Shutterstock from a “strong sell” rating to a “sell” rating in a report on Saturday, October 28th. Jefferies Group cut Shutterstock from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $50.00 to $30.00 in a report on Thursday, August 24th. ValuEngine cut Shutterstock from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Shutterstock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $40.00 price target on shares of Shutterstock in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.17.
Shares of Shutterstock (NYSE SSTK) opened at $41.14 on Thursday. The stock has a market cap of $1,436.58, a P/E ratio of 52.44 and a beta of 1.50. Shutterstock has a 1 year low of $29.85 and a 1 year high of $55.07.
Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Shutterstock had a net margin of 4.58% and a return on equity of 9.71%. The company had revenue of $141.10 million during the quarter, compared to the consensus estimate of $133.24 million. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. equities research analysts forecast that Shutterstock will post 0.69 EPS for the current fiscal year.
In other Shutterstock news, insider Jeffrey Kane Weiser sold 4,449 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $38.00, for a total transaction of $169,062.00. Following the sale, the insider now owns 30,500 shares of the company’s stock, valued at $1,159,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 47.30% of the stock is owned by insiders.
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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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