Shutterstock, Inc. (SSTK)

NYSE: SSTK · Real-Time Price · USD
30.46
+0.91 (3.08%)
Nov 20, 2024, 4:00 PM EST - Market closed
3.08%
Market Cap 1.06B
Revenue (ttm) 902.18M
Net Income (ttm) 36.36M
Shares Out 34.86M
EPS (ttm) 1.01
PE Ratio 30.16
Forward PE 7.09
Dividend $1.20 (3.94%)
Ex-Dividend Date Nov 29, 2024
Volume 282,822
Open 29.55
Previous Close 29.55
Day's Range 29.22 - 30.47
52-Week Range 28.95 - 54.41
Beta 1.10
Analysts Strong Buy
Price Target 53.67 (+76.2%)
Earnings Date Oct 29, 2024

About SSTK

Shutterstock, Inc. provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social me... [Read more]

IPO Date Oct 11, 2012
Employees 1,274
Stock Exchange NYSE
Ticker Symbol SSTK
Full Company Profile

Financial Performance

In 2023, Shutterstock's revenue was $874.59 million, an increase of 5.65% compared to the previous year's $827.83 million. Earnings were $110.27 million, an increase of 44.89%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SSTK stock is "Strong Buy." The 12-month stock price forecast is $53.67, which is an increase of 76.20% from the latest price.

Price Target
$53.67
(76.20% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Shutterstock, Inc. (SSTK) Q3 2024 Earnings Call Transcript

Shutterstock, Inc. (NYSE:SSTK) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Rik Powell - Senior Vice President, Finance and IR Paul Hennessy - Chief Executive Off...

22 days ago - Seeking Alpha

GIPHY partners with TikTok to Power GIF Recommendations in New Direct Messaging Experience

NEW YORK , Oct. 29, 2024 /PRNewswire/ -- GIPHY, the world's largest library of GIFs and stickers, is partnering with TikTok, the leading destination for short-form mobile video to enhance the platform...

23 days ago - PRNewsWire

Shutterstock Reports Third Quarter 2024 Financial Results

Achieves Record Revenues and Adjusted EBITDA and Increases Guidance for 2024 Announces Departure of CFO and Appointment of Incoming CFO NEW YORK , Oct. 29, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYS...

23 days ago - PRNewsWire

AI continues to be catalyst for Duolingo but 'killer' for Shutterstock: Citizens JMP's Andrew Boone

Andrew Boone, Citizens JMP research analyst, joins CNBC's 'The Exchange' to discuss how AI adoption is both opportunity and a threat for certain stocks, how Duolingo will implement AI in its language ...

Other symbols: DUOL
5 weeks ago - CNBC Television

Shutterstock to Report Third Quarter 2024 Earnings Results on October 29, 2024

NEW YORK , Oct. 7, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketin...

6 weeks ago - PRNewsWire

Top 3 Tech And Telecom Stocks That May Surge This Month

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Other symbols: EBMGNI
7 weeks ago - Benzinga

Shutterstock, Inc. (SSTK) Q2 2024 Earnings Call Transcript

Shutterstock, Inc. (NYSE:SSTK) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Rik Powell - SVP, Finance & Investor Relations Paul Hennessy - Chief Executive Officer J...

3 months ago - Seeking Alpha

Shutterstock Reports Second Quarter 2024 Financial Results

NEW YORK , Aug. 6, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital me...

3 months ago - PRNewsWire

Shutterstock Launches First Ethical Generative 3D API

AI Generator Now in Commercial Beta; Generates Realistic 3D Models in Minutes NEW YORK , July 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high...

4 months ago - PRNewsWire

Shutterstock Completes Acquisition of Envato

NEW YORK , July 22, 2024  /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and market...

4 months ago - PRNewsWire

How Getty and Shutterstock Are Building AI Image Generators

Companies like Getty have begun developing A.I. models with their own data, part of a broader push to build artificial intelligence with licensed content.

4 months ago - NYTimes

These small-cap stocks score highest when screened for quality

After years of dominance by the largest tech companies in the U.S. stock market, interest is spreading to overlooked companies that might be a better value for investors looking to diversify, lower th...

4 months ago - Market Watch

Shutterstock To Report Second Quarter 2024 Earnings Results on August 6, 2024

NEW YORK , July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketi...

4 months ago - PRNewsWire

Shutterstock Appoints Microsoft's Jaime Teevan to Board of Directors

NEW YORK , July 9, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital me...

4 months ago - PRNewsWire

Reimagining Messaging in the Generative AI Era, Former ExactTarget Executive Starts Backstroke

INDIANAPOLIS--(BUSINESS WIRE)--Backstroke is announcing the launch of its generative AI messaging platform that's set to revolutionize email, SMS, mobile push, and customer marketing for B2C brands. B...

Other symbols: CRM
5 months ago - Business Wire

Introducing Shutterstock ImageAI, Powered by Databricks: An Image Generation Model Built for the Enterprise

New text-to-image diffusion model enables organizations to generate high-fidelity, trusted images SAN FRANCISCO and NEW YORK , June 12, 2024 /PRNewswire/ -- Databricks , the Data and AI company, and S...

5 months ago - PRNewsWire

Shutterstock Studios Sweeps Awards Season with 15 Telly Awards and Four Webby Honors

Global production house brings innovative, immersive and virtual production to commercial storytelling for award-winning campaigns NEW YORK , May 29, 2024 /PRNewswire/ -- Shutterstock Studios , a divi...

6 months ago - PRNewsWire

Shutterstock, Inc. (SSTK) Q1 2024 Earnings Call Transcript

Shutterstock, Inc. (NYSE:SSTK) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Chris Suh - VP, IR & Corporate Development Paul Hennessy - CEO Jarrod Yahes - CFO Conferenc...

7 months ago - Seeking Alpha

Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription

NEW YORK , May 2, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing...

7 months ago - PRNewsWire

Shutterstock Reports First Quarter 2024 Financial Results

NEW YORK , May 2, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital med...

7 months ago - PRNewsWire

Shutterstock To Report First Quarter 2024 Earnings Results on May 2, 2024

NEW YORK , April 11, 2024  /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marke...

8 months ago - PRNewsWire

Apple's $25-50 million Shutterstock deal highlights fierce competition for AI training data

Apple's $25-50 million deal with Shutterstock for AI training images highlights the fierce competition among tech giants for data supremacy and raises privacy concerns in the rapidly evolving AI marke...

Other symbols: AAPL
8 months ago - VentureBeat

Nvidia partners with Shutterstock, Getty Images on AI-generated 3D content

Nvidia's Edify generative AI model can now create 3D content, with Shutterstock and Getty Images offering tools for branding and ideation.

Other symbols: GETYNVDA
8 months ago - VentureBeat

21 Upcoming Dividend Increases Including 2 Kings

Dividend Kings S&P Global and Genuine Parts Company extend their streaks with modest increases. The average dividend increase this week is 8.28% and the median is 7%.

9 months ago - Seeking Alpha

Shutterstock, Inc. (SSTK) Q4 2023 Earnings Call Transcript

Shutterstock, Inc. (SSTK) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha