Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Shutterstock (SSTK) Share Price

Media stories about Shutterstock (NYSE:SSTK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.17 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.0112076047348 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities research analysts recently weighed in on the company. ValuEngine cut Shutterstock from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut Shutterstock from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub cut Shutterstock from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Jefferies Group increased their price target on Shutterstock from $30.00 to $34.00 and gave the company an “underperform” rating in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $40.00 price objective on shares of Shutterstock in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.17.

Shutterstock (NYSE SSTK) opened at $43.75 on Friday. The firm has a market capitalization of $1,543.73, a price-to-earnings ratio of 63.41 and a beta of 1.54. Shutterstock has a 12-month low of $29.85 and a 12-month high of $55.07.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $141.10 million for the quarter, compared to analysts’ expectations of $133.24 million. Shutterstock had a return on equity of 9.71% and a net margin of 4.58%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. equities analysts expect that Shutterstock will post 0.69 earnings per share for the current year.

In other Shutterstock news, insider Jeffrey Kane Weiser sold 4,449 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $38.00, for a total transaction of $169,062.00. Following the transaction, the insider now owns 30,500 shares in the company, valued at approximately $1,159,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 47.30% of the stock is owned by company insiders.

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About Shutterstock

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.

Insider Buying and Selling by Quarter for Shutterstock (NYSE:SSTK)

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