Equities research analysts predict that Shutterstock Inc (NYSE:SSTK) will announce sales of $162.27 million for the current fiscal quarter, according to Zacks Investment Research. 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 reported sales of $151.58 million during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Shutterstock will report full year sales of $657.59 million for the current financial year, with estimates ranging from $656.96 million to $658.04 million. For the next fiscal year, analysts anticipate that the business will report sales of $702.19 million, with estimates ranging from $694.55 million to $706.02 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Shutterstock.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Shutterstock had a net margin of 5.19% and a return on equity of 13.64%. The business had revenue of $161.74 million during the quarter, compared to analyst estimates of $171.93 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS.

A number of brokerages have recently commented on SSTK. ValuEngine upgraded shares of Shutterstock from a “sell” rating to a “hold” rating in a report on Monday, August 12th. SunTrust Banks reissued a “hold” rating and set a $44.00 price target on shares of Shutterstock in a research report on Monday, August 5th. Finally, Zacks Investment Research lowered shares of Shutterstock from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd.

SSTK stock traded up $0.92 during trading on Friday, reaching $36.96. The company had a trading volume of 163,551 shares, compared to its average volume of 203,680. Shutterstock has a 52 week low of $31.77 and a 52 week high of $55.76. The business has a 50 day moving average of $36.03 and a 200 day moving average of $40.65. The company has a market cap of $1.27 billion, a P/E ratio of 35.20, a PEG ratio of 2.41 and a beta of 1.19.

Large investors have recently added to or reduced their stakes in the stock. Capital Impact Advisors LLC raised its position 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 purchasing an additional 1,626 shares during the period. WCM Investment Management LLC purchased a new position in Shutterstock in the 1st quarter worth approximately $1,252,000. Atria Investments LLC purchased a new position in Shutterstock in the 2nd quarter worth approximately $2,981,000. Rhumbline Advisers boosted its holdings in shares of Shutterstock by 9.3% during the 1st quarter. Rhumbline Advisers now owns 58,486 shares of the business services provider’s stock worth $2,727,000 after purchasing an additional 4,964 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Shutterstock by 38.6% during the 2nd quarter. First Trust Advisors LP now owns 43,423 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 12,088 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Shutterstock Company Profile

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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