$0.11 EPS Expected for Shutterstock Inc (SSTK)

October 14, 2017 - By Adrian Erickson

 $0.11 EPS Expected for Shutterstock Inc (SSTK)
Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.02, from 0.93 in 2017Q1. It dived, 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.
Mason Street Advisors Limited Liability Company reported 4,688 shares stake. Verition Fund Limited Liability Corporation reported 0.03% in Shutterstock Inc (NYSE:SSTK). Royal Bank Of Canada reported 0% in Shutterstock Inc (NYSE:SSTK). Schwab Charles Invest Mngmt Incorporated holds 0% or 83,914 shares. State Common Retirement Fund reported 67,037 shares or 0% of all its holdings. Capstone Asset Com owns 7,476 shares or 0.01% of their US portfolio. Voya Investment Mngmt Lc has invested 0% of its portfolio in Shutterstock Inc (NYSE:SSTK). Macquarie Group Ltd, Australia-based fund reported 394,416 shares. Credit Agricole S A owns 8,600 shares for 0% of their portfolio. Tudor Inv Corporation Et Al owns 18,883 shares. Dimensional Fund Limited Partnership invested in 357,633 shares or 0.01% of the stock. Goldman Sachs Group Incorporated Inc has 256,741 shares. First Republic Mgmt holds 0% or 4,615 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Shutterstock Inc (NYSE:SSTK). 32,915 are owned by California State Teachers Retirement.

Wall Street await Shutterstock Inc (NYSE:SSTK) to release earnings on November, 3. Analysts forecast earnings per share of $0.11, down exactly $0.17 or 60.71 % from 2014’s $0.28 EPS. The expected SSTK’s profit could reach $3.81 million giving the stock 78.18 P/E in the case that $0.11 earnings per share is reported. After posting $0.11 EPS for the previous quarter, Shutterstock Inc’s analysts now forecast 0.00 % EPS growth. The stock increased 0.88% or $0.3 on October 13, reaching $34.4. About 162,374 shares traded. Shutterstock Inc (NYSE:SSTK) has risen 12.34% since October 14, 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 28.49% above currents $34.4 stock price. Shutterstock had 19 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, October 16, the company rating was upgraded by TheStreet. The firm has “Buy” rating by Cantor Fitzgerald given on Thursday, August 6. The firm has “Hold” rating by Jefferies given on Friday, August 7. Zacks upgraded Shutterstock Inc (NYSE:SSTK) on Tuesday, August 25 to “Sell” rating. The stock of Shutterstock Inc (NYSE:SSTK) earned “Hold” rating by RBC Capital Markets on Monday, April 24. The stock has “Hold” rating by Jefferies on Thursday, August 3. As per Thursday, August 4, the company rating was downgraded by Cantor Fitzgerald. Deutsche Bank maintained it with “Hold” rating and $56 target in Tuesday, August 9 report. RBC Capital Markets downgraded the shares of SSTK in report on Friday, August 7 to “Sector Perform” rating. Jefferies maintained Shutterstock Inc (NYSE:SSTK) on Wednesday, June 21 with “Hold” rating.

Shutterstock, Inc. is a global technology firm that operates a two-sided marketplace for professionals to license content. The company has market cap of $1.19 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 42.51 P/E ratio. It also offers digital asset management services through its cloud digital asset management platform (webdam).

More notable recent Shutterstock Inc (NYSE:SSTK) news were published by: Prnewswire.com which released: “Shutterstock Announces Beta Launch of Advanced Composition Aware Search Using …” on October 12, 2017, also Prnewswire.com with their article: “Shutterstock Launches Image Editing and Licensing Capabilities into Google Slides” published on September 27, 2017, Prnewswire.com published: “Shutterstock Enhances Plugin to Enable Further Integration with Adobe Creative …” on September 19, 2017. More interesting news about Shutterstock Inc (NYSE:SSTK) were released by: Prnewswire.com and their article: “Introducing Shutterstock Customâ„¢” published on September 21, 2017 as well as Prnewswire.com‘s news article titled: “Shutterstock To Report Third Quarter 2017 Earnings on October 31, 2017” with publication date: October 04, 2017.

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