Shutterstock (SSTK) Tops Q1 EPS by 7c

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Go back to Shutterstock (SSTK) Tops Q1 EPS by 7c

Jefferies Raises Price Target on Shutterstock (SSTK) Following Decent 1Q Report

May 5, 2016 9:37 AM EDT

Jefferies reiterated a Hold rating on Shutterstock (NYSE: SSTK), and raised the price target to $45.00 (from $40.00), following the company's 1Q earnings report. Revenues were reported at $117M, compared to consensus estimates of $116M. Adjusted EBITDA was $24M, ahead of consensus estimates of $21M.... More