Shutterstock (SSTK) Receiving Somewhat Favorable Media Coverage, Analysis Finds

News articles about Shutterstock (NYSE:SSTK) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Shutterstock earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.8775999193915 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shutterstock (SSTK) traded up $0.09 during trading hours on Friday, reaching $43.28. The company had a trading volume of 57,008 shares, compared to its average volume of 193,449. The company has a market cap of $1,524.66, a P/E ratio of 62.81 and a beta of 1.54. Shutterstock has a one year low of $29.85 and a one year high of $55.07.

A number of analysts have recently issued reports on SSTK shares. Zacks Investment Research upgraded Shutterstock from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Saturday, November 4th. ValuEngine downgraded Shutterstock from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $40.00 price target on shares of Shutterstock in a research report on Tuesday, October 31st. BidaskClub downgraded Shutterstock from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Jefferies Group lifted their price target on Shutterstock from $30.00 to $34.00 and gave the company an “underperform” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.17.

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About Shutterstock

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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