Shutterstock, Inc. Common Stock (NYSE:SSTK):
Shutterstock’s Exclusive Distribution Deal with AM Stock-Cameo Film Library Brings Hollywood-Quality Footage to the World.
The company is down since yesterday’s close of $59.925.
The stock is trading at $59.09 which is just under $62.34, the stock’s 50 day moving average and barely above the 200 day moving average of $51.75. The 50 day moving average was down $-3.25 whereas the 200 day moving average was up $7.34 or +14.18%.
Shutterstock, Inc. Common Stock currently has a P/E ratio of 88.33 and the market value is 2.07B. As of the latest earnings report the EPS was $0.67 and is estimated to be $1.45 for the current year with 35,016,000 shares now outstanding. Next quarter’s EPS is expected be $0.41 with next year’s EPS projected to be $1.69.
Several brokerage analysts have issued ratings on the company. September 16 investment analysts at Jefferies left the company rating at “Hold” but moved up the price target from $40.00 to $62.00. On February 25 Jefferies kept the stock rating at “Hold” and moved up the price target to $40.00 from $39.00.
February 25 investment analysts at Deutsche Bank made no change to the stock rating of “Hold” and lowered the price expectation from $39.00 to $41.00. November 6 investment analysts at Deutsche Bank left the stock rating at “Hold” but lowered the price target to $39.00 from $40.00.
On July 14, 2015 Morgan Stanley began coverage with a rating of “Underweight” and establishing a price target of $40.00. On May 28 analysts at Topeka Capital started covering SSTK giving it an initial rating of “Buy” and projecting a price target of $92.00.