Equities research analysts expect Shutterstock Inc (NYSE:SSTK) to announce sales of $165.46 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Shutterstock’s earnings. The lowest sales estimate is $163.90 million and the highest is $166.93 million. Shutterstock reported sales of $151.83 million in the same quarter last year, which would suggest a positive year over year growth rate of 9%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Shutterstock will report full-year sales of $626.64 million for the current fiscal year, with estimates ranging from $625.10 million to $628.11 million. For the next fiscal year, analysts expect that the business will report sales of $691.48 million, with estimates ranging from $683.40 million to $703.77 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Shutterstock.

Shutterstock (NYSE:SSTK) last issued its earnings results on Tuesday, October 30th. The business services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. Shutterstock had a net margin of 6.82% and a return on equity of 8.76%. The business had revenue of $151.60 million for the quarter, compared to analyst estimates of $157.88 million. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue was up 7.4% on a year-over-year basis.

Several analysts have recently weighed in on SSTK shares. ValuEngine upgraded shares of Shutterstock from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Deutsche Bank decreased their target price on shares of Shutterstock from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Finally, SunTrust Banks reiterated a “hold” rating and set a $48.00 target price on shares of Shutterstock in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $42.33.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Shutterstock by 3.5% during the 3rd quarter. BlackRock Inc. now owns 2,698,751 shares of the business services provider’s stock valued at $147,300,000 after purchasing an additional 90,573 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Shutterstock by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,828,893 shares of the business services provider’s stock valued at $99,821,000 after purchasing an additional 46,240 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in Shutterstock by 1.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,329,082 shares of the business services provider’s stock valued at $71,541,000 after purchasing an additional 15,750 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Shutterstock by 50.9% during the 3rd quarter. Clearbridge Investments LLC now owns 1,005,985 shares of the business services provider’s stock valued at $54,907,000 after purchasing an additional 339,339 shares during the last quarter. Finally, Bernzott Capital Advisors lifted its holdings in Shutterstock by 8.4% during the 2nd quarter. Bernzott Capital Advisors now owns 725,455 shares of the business services provider’s stock valued at $34,430,000 after purchasing an additional 56,350 shares during the last quarter. 55.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Shutterstock stock opened at $38.48 on Friday. Shutterstock has a twelve month low of $36.20 and a twelve month high of $55.76. The stock has a market cap of $1.33 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.52.

Shutterstock Company Profile

Shutterstock, Inc provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include 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 services comprising music tracks and sound effects that are used to complement digital imagery.

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