Shutterstock (SSTK) Receives a Hold from SunTrust Robinson


In a report released today, Youssef Squali from SunTrust Robinson maintained a Hold rating on Shutterstock (SSTK), with a price target of $44. The company’s shares opened today at $38.85.

Squali observed:

“We maintain a Hold on the back of mixed 1Q19 results, reflecting continued weakness in Enterprise, but an acceleration in ecom and solid cost mgt. We view the continued acceleration in ecom as a positive, as we favor this segment line over Enterprise given its self-serve/more scalable nature. On the flip side, it seems that Enterprise is working through a transition still, made more difficult by competitive pressures. Our confidence in mgt’s ability to achieve its FY19 guidance, which calls for growth re-acceleration, is low given weakness in Enterprise, exposure to Europe, and competition.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.0% and a 71.3% success rate. Squali covers the Technology sector, focusing on stocks such as Match Group Inc, Trade Desk Inc, and Cardlytics Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Shutterstock with a $44 average price target.

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Shutterstock’s market cap is currently $1.6B and has a P/E ratio of 29.61. The company has a Price to Book ratio of 5.60.

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Shutterstock, Inc. engages in the operation of marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand’s needs. It operates through the Content Business and Other Category segments. The Content segment consists of Bigstock, Music, and Editorial.

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