Shutterstock (SSTK) : The consensus on Shutterstock (SSTK) based on 6 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Shutterstock (SSTK) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $51 and the lowest price target forecast is $35. The average forecast of all the analysts is $45.25 and the expected standard deviation is $7.32.
Company shares have received an average consensus rating of Hold for the current week
Shutterstock (NYSE:SSTK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.60 and $49.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.61, notching a gain of 14.19% for the day. The total traded volume was 1,830,255 . The stock had closed at $48.70 on the previous day.
Shutterstock, Inc. (Shutterstock) operates a global marketplace for commercial digital content, including images, video and music. The Companys commercial digital imagery consists of licensed photographs, illustrations and video clips that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a set of marketing channels, including online display advertising, print advertising, tradeshows, email marketing, direct mail, affiliate marketing, public relations, social media and partnerships. The Companys online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license, download and incorporate into their work.