Shutterstock Reports Third Quarter 2016 Financial Results
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Jefferies Cuts Price Target on Shutterstock (SSTK) Following Mixed 3Q
November 7, 2016 9:27 AM ESTJefferies maintained a Hold rating on Shutterstock (NYSE: SSTK), and cut the price target to $55.00 (from $62.00), following the company's 3Q earnings report. Revenues were $123M, missing consensus estimates of $127M. Non-GAAP EPS was $0.40, ahead of the consensus of $0.33.
Analyst Brian Fitzgerald... More
Raymond James Downgrades Shutterstock (SSTK) to Market Perform
November 7, 2016 6:57 AM ESTRaymond James 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 $48.40 yesterday.
... MoreShutterstock (SSTK) Tops Q3 EPS by 8c
November 4, 2016 7:03 AM EDTShutterstock (NYSE: SSTK) reported Q3 EPS of $0.40, $0.08 better than the analyst estimate of $0.32. Revenue for the quarter came in at $123.1 million versus the consensus estimate of $127.58 million.
Key Operating Metrics
Paid downloads increased 8%Revenue per download increased 5%Image collection expanded 61% to 102.7... More