Jefferies Starts Shutterstock (SSTK) at Buy
Tweet
Share
E-mailGet Alerts SSTK Hot Sheet
Price: $7.41 -2.63%
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Join SI Premium – FREE
Jefferies initiates coverage on recent IPO Shutterstock (NYSE: SSTK) with a Buy. PT $30.00.
The firm comments, "Shutterstock has a highly disruptive business model in what is a large market opportunity with secular tailwinds. SSTK has the largest database of royalty-free images among peers, creating a virtuous, network effect that drives LT growth."
NOTE: Jefferies acted as a Joint Bookrunner in Shutterstock's October IPO.
For an analyst ratings summary and ratings history on Shutterstock click here. For more ratings news on Shutterstock click here.
Shares of Shutterstock closed at $24.82 yesterday.
The firm comments, "Shutterstock has a highly disruptive business model in what is a large market opportunity with secular tailwinds. SSTK has the largest database of royalty-free images among peers, creating a virtuous, network effect that drives LT growth."
NOTE: Jefferies acted as a Joint Bookrunner in Shutterstock's October IPO.
For an analyst ratings summary and ratings history on Shutterstock click here. For more ratings news on Shutterstock click here.
Shares of Shutterstock closed at $24.82 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Northland Starts Nephros (NEPH) at Market Perform
- Hovde Group Starts First Carolina Financial Services (FCBM) at Market Perform
- Freedom Broker Upgrades Morgan Stanley (MS) to Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
