Shutterstock Reports Second Quarter 2021 Financial Results

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Go back to Shutterstock Reports Second Quarter 2021 Financial Results

Shutterstock (SSTK) PT Raised to $116 at Truist Securities Guidance Still Looks Conservative

July 27, 2021 12:37 PM EDT

Truist Securities analyst Youssef Squali raised the price target on Shutterstock (NYSE: SSTK) to $116.00 (from $102.00) after 2Q21's stronger results show good execution amid faster recovery in demand for ecom/enterprise, with healthy margins reflecting material cost containment as
revenue scales. Revenue of... More

Shutterstock (SSTK) Tops Q2 EPS by 32c

July 27, 2021 7:06 AM EDT

Shutterstock (NYSE: SSTK) reported Q2 EPS of $1.02, $0.32 better than the analyst estimate of $0.70. Revenue for the quarter came in at $189.9 million versus the consensus estimate of $179.45 million.

Commenting on the Company's performance, Stan Pavlovsky, the Company's Chief Executive Officer, said, "Revenue growth... More