William Blair Starts Shutterstock (SSTK) at Outperform
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Price: $7.39 -2.89%
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 12
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 12
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Earlier, William Blair initiated coverage on Shutterstock (NYSE: SSTK) with a Outperform.
"Shutterstock has more than 20 million images, including more than 550,000 video clips from more than 35,000 active contributors," said analyst Ralph Schackart. "By having one of the largest libraries of images, the company is able to attract a disproportionate share of customers, thus garnering even more images from contributors."
Schackart continued, "Shutterstock's revenue nearly doubled from about $60 million in 2009 to roughly $120 million in 2011 and should double again to $240 million in 2014. Moreover, because of its highly scalable Internet business model, the EBITDA margin is forecast to grow from an estimated 17.2% in 2012 to 23.7% in 2014. This is still below its long-term targeted EBITDA margin of more than 30%."
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.
"Shutterstock has more than 20 million images, including more than 550,000 video clips from more than 35,000 active contributors," said analyst Ralph Schackart. "By having one of the largest libraries of images, the company is able to attract a disproportionate share of customers, thus garnering even more images from contributors."
Schackart continued, "Shutterstock's revenue nearly doubled from about $60 million in 2009 to roughly $120 million in 2011 and should double again to $240 million in 2014. Moreover, because of its highly scalable Internet business model, the EBITDA margin is forecast to grow from an estimated 17.2% in 2012 to 23.7% in 2014. This is still below its long-term targeted EBITDA margin of more than 30%."
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.
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