Shutterstock Reports Second Quarter 2015 Financial Results
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Jefferies Downgrades Shutterstock (SSTK) to Hold
August 7, 2015 8:01 AM EDTJefferies downgraded Shutterstock (NYSE: SSTK) from Buy to Hold with a price target of $39.00 (from $90.00).
Jefferies US Interactive Entertainment Team commented, "2Q15 results were decent and came in line with expectations. However, mgmt lowered FY15 guidance partly on weaker than expected eCommerce customer adds.... More
William Blair Downgrades Shutterstock (SSTK) to Market Perform
August 7, 2015 7:12 AM EDTWilliam Blair downgraded Shutterstock (NYSE: SSTK) from Outperform to Market Perform.
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 $34.42 yesterday.
... MoreShutterstock (SSTK) PT Cut to $72 at Cantor Fitzgerald; 'Buy' Maintained
August 6, 2015 1:17 PM EDTCantor Fitzgerald analyst Youssef Squali cut his price target on Shutterstock (NYSE: SSTK) to $72.00 (from $100.00) following results but maintained a Buy rating.
Squali commented, "Were maintaining a BUY rating and adjusting our estimates and PT on the back of a noisy... More
Shutterstock (SSTK) CFO Tim Bixby to Resign, Steven Berns to Succeed
August 6, 2015 7:08 AM EDTShutterstock (NYSE: SSTK) announced Steven Berns will succeed Tim Bixby as the company's Chief Financial Officer, which is expected to occur no later than September 30, 2015. Bixby has notified the company of his intention to resign as Chief Financial Officer to pursue other opportunities and has indicated his willingness to remain involved after September 30, 2015 to ensure an effective transition. Berns, who served as a member of Shutterstock's Board of Directors until he resigned from the Board earlier this week, will help drive the strategic vision of the company while leading the company's financial... More
Shutterstock (SSTK) Tops Q2 EPS by 1c
August 6, 2015 7:06 AM EDTShutterstock (NYSE: SSTK) reported Q2 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $104.4 million versus the consensus estimate of $105.36 million.
"Shutterstock delivered another quarter of strong growth as the quality, breadth and diversity of our content library, along... More
