Shutterstock (NYSE:SSTK) Releases Earnings Results, Beats Estimates By $0.37 EPS

Shutterstock (NYSE:SSTK) issued its earnings results on Thursday. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.37, FiscalAI reports. The firm had revenue of $173.90 million during the quarter, compared to the consensus estimate of $195.00 million. Shutterstock had a negative net margin of 22.87% and a positive return on equity of 13.61%.

Shutterstock Stock Performance

Shares of NYSE:SSTK traded down $1.27 on Thursday, reaching $3.09. The company’s stock had a trading volume of 1,656,145 shares, compared to its average volume of 658,400. Shutterstock has a 52-week low of $2.96 and a 52-week high of $23.25. The stock has a market capitalization of $114.14 million, a P/E ratio of -0.55 and a beta of 1.14. The stock’s 50-day moving average is $4.65 and its two-hundred day moving average is $11.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.48 and a quick ratio of 0.48.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings downgraded Shutterstock from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Zacks Research upgraded Shutterstock from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered Shutterstock from a “hold” rating to a “sell” rating in a research report on Sunday, July 26th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.00.

Shutterstock Company Profile

Shutterstock, Inc is a global technology company that provides licensed visual, video and audio content for businesses, media organizations, marketing professionals and individual creators. Its platform offers stock photographs, illustrations, vectors, video footage, music and other creative assets, which customers can access through subscription plans, content licenses and enterprise solutions.

The company also provides creative workflow and content-production tools, including editing capabilities, generative artificial intelligence features and services that help organizations find, customize and manage digital media.