Equities analysts predict that Shutterstock Inc (NYSE:SSTK) will post $143.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Shutterstock’s earnings. The lowest sales estimate is $139.49 million and the highest is $148.20 million. Shutterstock reported sales of $130.17 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The business is scheduled to issue its next earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Shutterstock will report full year sales of $143.76 million for the current financial year, with estimates ranging from $544.77 million to $553.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $609.29 million per share, with estimates ranging from $595.78 million to $624.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Shutterstock.

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, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business 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 business’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS.

SSTK has been the topic of several research reports. BidaskClub raised Shutterstock from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 28th. Zacks Investment Research raised Shutterstock from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Saturday, November 4th. Jefferies Group lifted their price objective on Shutterstock from $30.00 to $34.00 and gave the company an “underperform” rating in a research report on Wednesday, November 1st. ValuEngine cut Shutterstock from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $40.00 price objective on shares of Shutterstock in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.17.

In other news, insider Jeffrey Kane Weiser sold 4,449 shares of Shutterstock stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $38.00, for a total transaction of $169,062.00. Following the completion of the transaction, the insider now directly owns 30,500 shares in the company, valued at $1,159,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 47.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Shutterstock during the third quarter valued at approximately $133,000. Atria Investments LLC purchased a new position in shares of Shutterstock during the fourth quarter valued at approximately $243,000. Verition Fund Management LLC purchased a new position in shares of Shutterstock during the second quarter valued at approximately $308,000. Stoneridge Investment Partners LLC purchased a new position in shares of Shutterstock during the third quarter valued at approximately $233,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Shutterstock by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,130 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 60.01% of the company’s stock.

Shares of Shutterstock (SSTK) opened at $43.75 on Monday. The firm has a market capitalization of $1,517.03, a P/E 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.

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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.

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