Wall Street analysts expect Shutterstock Inc (NYSE:SSTK) to announce sales of $162.27 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Shutterstock’s earnings. The lowest sales estimate is $160.20 million and the highest is $165.36 million. Shutterstock posted sales of $151.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Tuesday, October 29th.

On average, 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 anticipate that the company will post sales of $702.19 million, with estimates ranging from $694.55 million to $706.02 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Shutterstock.

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

SSTK has been the topic of a number of recent research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 target price on shares of Shutterstock in a report on Monday, August 5th. Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine raised Shutterstock from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Shutterstock stock traded down $0.23 during trading on Friday, reaching $34.68. The company had a trading volume of 3,388 shares, compared to its average volume of 250,986. Shutterstock has a 52 week low of $31.77 and a 52 week high of $55.76. The firm’s 50-day simple moving average is $37.62 and its 200 day simple moving average is $41.30. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11.

In related news, Director Deirdre Mary Bigley sold 1,592 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $39.41, for a total value of $62,740.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 46.80% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Capital Impact Advisors LLC raised its holdings in Shutterstock by 3.6% during the second quarter. Capital Impact Advisors LLC now owns 46,501 shares of the business services provider’s stock valued at $1,810,000 after acquiring an additional 1,626 shares during the period. WCM Investment Management LLC bought a new stake in Shutterstock during the first quarter valued at about $1,252,000. Redmond Asset Management LLC raised its holdings in Shutterstock by 1.9% during the first quarter. Redmond Asset Management LLC now owns 12,972 shares of the business services provider’s stock valued at $605,000 after acquiring an additional 237 shares during the period. Rhumbline Advisers raised its holdings in Shutterstock by 9.3% during the first quarter. Rhumbline Advisers now owns 58,486 shares of the business services provider’s stock valued at $2,727,000 after acquiring an additional 4,964 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Shutterstock by 31.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 719,341 shares of the business services provider’s stock valued at $25,903,000 after acquiring an additional 172,859 shares during the period. 56.86% of the stock is currently owned by institutional investors and hedge funds.

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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