Headlines about Shutterstock (NYSE:SSTK) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shutterstock earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.5374550423341 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Shutterstock (SSTK) Price Target Increased to $34.00 by Analysts at Jefferies Group (americanbankingnews.com)
- BidaskClub Lowers Shutterstock (SSTK) to Strong Sell (americanbankingnews.com)
- Shutterstock Inc Shares Up 24.1% Since SmarTrend’s Buy Recommendation (SSTK) (mysmartrend.com)
- $150.17 Million in Sales Expected for Shutterstock (SSTK) This Quarter (americanbankingnews.com)
SSTK has been the topic of a number of recent research reports. ValuEngine lowered shares of Shutterstock from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Shutterstock from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. SunTrust Banks boosted their price target on shares of Shutterstock to $47.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, Deutsche Bank upped their target price on shares of Shutterstock from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.67.
Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Shutterstock had a net margin of 3.00% and a return on equity of 8.43%. The business had revenue of $151.80 million during the quarter, compared to analyst estimates of $143.66 million. During the same period in the previous year, the company posted $0.42 earnings per share. Shutterstock’s revenue was up 16.6% on a year-over-year basis. equities analysts anticipate that Shutterstock will post 0.78 EPS for the current year.
Shutterstock Company Profile
Shutterstock, Inc provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include 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 services comprising music tracks and sound effects that are used to complement digital imagery.
Receive News & Ratings for Shutterstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterstock and related companies with MarketBeat.com's FREE daily email newsletter.