Equities research analysts forecast that Shutterstock Inc (NYSE:SSTK) will post $162.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Shutterstock’s earnings, with estimates ranging from $160.20 million to $165.36 million. Shutterstock reported sales of $151.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Shutterstock will report full year sales of $657.59 million for the current year, with estimates ranging from $656.96 million to $658.04 million. For the next year, analysts forecast that the company will post sales of $702.19 million, with estimates ranging from $694.55 million to $706.02 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Shutterstock.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Shutterstock had a return on equity of 13.64% and a net margin of 5.19%. The firm had revenue of $161.74 million for the quarter, compared to analysts’ expectations of $171.93 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis.

A number of research firms have recently weighed in on SSTK. SunTrust Banks reaffirmed a “hold” rating and set a $44.00 price objective on shares of Shutterstock in a research report on Monday, August 5th. ValuEngine raised Shutterstock from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Finally, Zacks Investment Research cut Shutterstock from a “hold” rating to a “sell” rating in a report on Friday.

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTK. Dimensional Fund Advisors LP lifted its holdings in Shutterstock by 31.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 719,341 shares of the business services provider’s stock worth $25,903,000 after purchasing an additional 172,859 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Shutterstock by 876.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,354 shares of the business services provider’s stock worth $203,000 after purchasing an additional 3,908 shares in the last quarter. Bank of Montreal Can increased its stake in Shutterstock by 3,836.0% in the 1st quarter. Bank of Montreal Can now owns 36,526 shares of the business services provider’s stock worth $1,703,000 after acquiring an additional 35,598 shares during the last quarter. Rhumbline Advisers increased its stake in Shutterstock by 9.3% in the 1st quarter. Rhumbline Advisers now owns 58,486 shares of the business services provider’s stock worth $2,727,000 after acquiring an additional 4,964 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Shutterstock by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 12,624 shares of the business services provider’s stock worth $589,000 after acquiring an additional 472 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Shares of SSTK stock traded up $0.38 during trading hours on Friday, reaching $37.68. 140,774 shares of the company traded hands, compared to its average volume of 202,981. Shutterstock has a 12-month low of $31.77 and a 12-month high of $55.76. The company has a market cap of $1.27 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.44 and a beta of 1.19. The firm has a 50-day moving average price of $35.95 and a 200 day moving average price of $40.60.

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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