Somewhat Favorable News Coverage Somewhat Unlikely to Affect Shutterstock (NYSE:SSTK) Share Price

News articles about Shutterstock (NYSE:SSTK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shutterstock earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 44.8692789116318 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

SSTK has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Shutterstock from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price target on shares of Shutterstock in a research note on Monday, May 8th. BidaskClub lowered shares of Shutterstock from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. TheStreet downgraded shares of Shutterstock from a “b-” rating to a “c” rating in a research report on Friday, July 7th. Finally, SunTrust Banks, Inc. began coverage on shares of Shutterstock in a report on Tuesday. They set a “hold” rating and a $36.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Shutterstock currently has an average rating of “Hold” and a consensus target price of $42.40.

Shutterstock (NYSE:SSTK) opened at 33.27 on Friday. The firm’s 50-day moving average is $40.08 and its 200 day moving average is $43.88. The firm has a market cap of $1.15 billion, a P/E ratio of 40.97 and a beta of 1.40. Shutterstock has a 12-month low of $32.50 and a 12-month high of $65.16.

Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.12. Shutterstock had a net margin of 5.59% and a return on equity of 11.08%. The company had revenue of $134 million during the quarter, compared to the consensus estimate of $137.83 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Shutterstock will post $1.17 earnings per share for the current year.

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Shutterstock Company Profile

Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.

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