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 $39.61.

Squali said:

“We maintain a Hold following recent management changes, which we believe is reflective of execution challenges in the Enterprise business, made more difficult by competitive pressures. We recently called out Adobe’s growth in its stock business (in the quarter ended May 31st) as a negative read through for SSTK. As we stated in our 1Q review, 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 25.6% and a 72.7% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on Shutterstock is a Hold with an average price target of $44.

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Shutterstock’s market cap is currently $1.43B and has a P/E ratio of 48.50. The company has a Price to Book ratio of 4.83.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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