Shutterstock Reports Third Quarter 2020 Financial Results

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Go back to Shutterstock Reports Third Quarter 2020 Financial Results

Shutterstock (SSTK) PT Raised to $88 at Needham & Company

October 27, 2020 12:02 PM EDT

Needham & Company analyst Brad Erickson raised the price target on Shutterstock (NYSE: SSTK) to $88.00 while maintaining a Buy rating.

The analyst commented, "SSTKs Q3 and guidance coming in ahead of expectations reinforced our thesis that the companys shift to subscription and ability to... More

Shutterstock (SSTK) Tops Q3 EPS by 48c, Revenues Beat

October 27, 2020 7:06 AM EDT

Shutterstock (NYSE: SSTK) reported Q3 EPS of $0.80, $0.48 better than the analyst estimate of $0.32. Revenue for the quarter came in at $165.23 million versus the consensus estimate of $159.73 million.

Third Quarter 2020 highlights compared to Third Quarter 2019:

Key Operating Metrics

Subscribers increased 39%, to 255,000.Subscriber revenue increased... More