$0.11 EPS Expected for Shutterstock Inc (SSTK)

October 28, 2017 – By Louis Casey

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.02, from 0.93 in 2017Q1. It turned negative, as 25 investors sold Shutterstock Inc shares while 44 reduced holdings. 19 funds opened positions while 44 raised stakes. 21.39 million shares or 5.80% more from 20.22 million shares in 2017Q1 were reported.
Landscape Capital Mgmt Limited Liability Company owns 0.06% invested in Shutterstock Inc (NYSE:SSTK) for 11,984 shares. Paloma Prtn stated it has 14,868 shares. Arrowmark Colorado Ltd Liability has 2.37M shares for 1.29% of their portfolio. Wells Fargo And Co Mn accumulated 0% or 15,973 shares. Jennison Associate Lc invested in 464,306 shares or 0.02% of the stock. Vanguard Grp reported 1.67 million shares. Ohio-based Victory Management Incorporated has invested 0% in Shutterstock Inc (NYSE:SSTK). 7,950 are held by New York State Teachers Retirement Sys. The Illinois-based Northern Tru Corp has invested 0% in Shutterstock Inc (NYSE:SSTK). 31,700 were reported by Swiss Bank & Trust. Blair William And Il has invested 0.02% in Shutterstock Inc (NYSE:SSTK). Cap Impact Advisors Ltd Liability Com has 29,600 shares for 0.59% of their portfolio. Pacad Investment Limited holds 1,900 shares or 0.01% of its portfolio. Paradigm Asset Mngmt Co Limited Liability reported 10,200 shares or 0% of all its holdings. American International Gru reported 0% in Shutterstock Inc (NYSE:SSTK).

Investors wait Shutterstock Inc (NYSE:SSTK) to report on November, 3. its quarterly earnings Wall Street analysts expect $0.11 EPS, down $0.17 or 60.71 % from last year’s $0.28 same quarter earnings. This translates into $3.81 million profit for SSTK giving the stock a 79.43 P/E. This is assuming the current $0.11 EPS is accurate. Shutterstock Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.11 EPS reproted in the previous quarter, The stock decreased 0.37% or $0.13 on October 27, reaching $34.95. About 249,690 shares traded or 23.67% up from the average. Shutterstock Inc (NYSE:SSTK) has risen 12.34% since October 28, 2016 and is uptrending. It has underperformed by 4.36% the S&P500.

Shutterstock Inc (NYSE:SSTK) Ratings Coverage

Among 9 analysts covering Shutterstock (NYSE:SSTK), 0 have Buy rating, 1 Sell and 8 Hold. Therefore 0 are positive. Shutterstock has $72 highest and $30.0 lowest target. $44.20’s average target is 26.47% above currents $34.95 stock price. Shutterstock had 19 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Shutterstock Inc (NYSE:SSTK) on Friday, August 7 to “Sector Perform” rating. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, August 6. The firm has “Hold” rating by Jefferies given on Friday, August 7. On Thursday, August 4 the stock rating was downgraded by Cantor Fitzgerald to “Hold”. The stock has “Hold” rating by TheStreet on Friday, October 16. The company was maintained on Thursday, September 28 by Jefferies. The firm earned “Hold” rating on Monday, April 24 by RBC Capital Markets. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, November 7. The company was downgraded on Friday, August 7 by William Blair. The stock has “Hold” rating by Deutsche Bank on Thursday, August 3.

Shutterstock, Inc. is a global technology firm that operates a two-sided marketplace for professionals to license content. The company has market cap of $1.21 billion. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that clients use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery. It has a 43.19 P/E ratio. It also offers digital asset management services through its cloud digital asset management platform (webdam).

Another recent and important Shutterstock Inc (NYSE:SSTK) news was published by Prnewswire.com which published an article titled: “Shutterstock To Report Third Quarter 2017 Earnings on October 31, 2017” on October 04, 2017.