Shutterstock, Inc. (SSTK) Tops Q3 EPS by 9c; Issues Solid Rev Guidance, FY13 Raised

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Go back to Shutterstock, Inc. (SSTK) Tops Q3 EPS by 9c; Issues Solid Rev Guidance, FY13 Raised

Jefferies on Shutterstock (SSTK)

November 16, 2012 12:43 PM EST

Jefferies reiterated a Buy rating on Shutterstock (NYSE: SSTK) and raised its price target to $32.00 (from $30.00).

Commenting on Shutterstock's quarterly earnings, analyst Brian Fitzgerald said, "SSTK had a solid earnings beat on its first public quarter results on better-than-expected revenue, as... More