Shutterstock Reports Third Quarter 2020 Financial Results
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Shutterstock (SSTK) PT Raised to $88 at Needham & Company
October 27, 2020 12:02 PM EDTNeedham & 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 EDTShutterstock (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