In a report released yesterday, Youssef Squali from SunTrust Robinson maintained a Hold rating on Shutterstock (SSTK), with a price target of $44. The company’s shares closed yesterday at $38.99.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.2% and a 70.6% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
Shutterstock has an analyst consensus of Hold, with a price target consensus of $44.
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Based on Shutterstock’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $7.52 million. In comparison, last year the company had a net profit of $32.58 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.
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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.
