Shutterstock, Inc. (SSTK)
Market Cap | 1.05B |
Revenue (ttm) | 902.18M |
Net Income (ttm) | 36.36M |
Shares Out | 34.86M |
EPS (ttm) | 1.01 |
PE Ratio | 29.81 |
Forward PE | 7.01 |
Dividend | $1.20 (3.99%) |
Ex-Dividend Date | Nov 29, 2024 |
Volume | 662,833 |
Open | 29.38 |
Previous Close | 29.96 |
Day's Range | 29.02 - 30.62 |
52-Week Range | 28.85 - 54.41 |
Beta | 1.08 |
Analysts | Strong Buy |
Price Target | 53.67 (+78.31%) |
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]
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 StatementsAnalyst 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 78.31% from the latest price.
News
Lightricks Partners With Shutterstock for Video Training Data to Advance Open Source LTXV Video AI Generative Video Model
Shutterstocks' partnership with Lightricks is the first of a new data licensing approach that builds new ways for training AI models JERUSALEM and NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Lightricks, ...
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...
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...
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...
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 ...
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...
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.
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.