Shutterstock Reports Fourth Quarter and Full Year 2016 Financial Results
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Shutterstock (SSTK) PT Lowered to $50 at Jefferies Following 4Q Miss
February 28, 2017 9:15 AM ESTJefferies lowered its price target on Shutterstock (NYSE: SSTK) to $50.00 (from $55.00) while maintaining a Hold rating. SSTK reported revenues of $130MM, up +12% Y/Y but below consensus of $135MM. Non-GAAP EPS was $0.42 vs consensus $0.45.
Analyst Brian Fitzgerald commented, "SSTK reported... More
Shutterstock (SSTK) PT Lowered to $43 at Cantor Fitzgerald Following 4Q Miss
February 28, 2017 7:59 AM ESTCantor Fitzgerald lowered its price target on Shutterstock (NYSE: SSTK) to $43.00 (from $52.00) while maintaining a Neutral rating. 4Q revenue was $130M vs. FactSet consensus of $135M, while normalized EPS of $0.42 was 3c below Street expectations.
Analyst Youssef Squali commented, "We're maintaining a... More
Shutterstock (SSTK) PT Lowered to $50 at RBC Capital
February 27, 2017 12:30 PM ESTRBC Capital analyst Andrew Bruckner lowered his price target on Shutterstock (NYSE: SSTK) to $50.00 (from $60.00) while maintaining a Sector Perform rating following weak Q4 results and outlook.
Bruckner commented, "Q4 Revenue of $130MM was below Street's $135MM, as was Adj. EBITDA... More
Shutterstock (SSTK) Misses Q4 EPS by 3c
February 27, 2017 7:16 AM ESTShutterstock (NYSE: SSTK) reported Q4 EPS of $0.42, $0.03 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $130.2 million versus the consensus estimate of $135.28 million.
GUIDANCE:
Shutterstock sees FY2017 revenue of $545-560 million, versus the consensus of $578.3... More
