Shutterstock, Inc. (SSTK)
Market Cap | 1.51B |
Revenue (ttm) | 874.59M |
Net Income (ttm) | 110.27M |
Shares Out | 35.54M |
EPS (ttm) | 3.04 |
PE Ratio | 13.93 |
Forward PE | 9.81 |
Dividend | $1.20 (2.83%) |
Ex-Dividend Date | May 30, 2024 |
Volume | 147,757 |
Open | 42.48 |
Previous Close | 42.18 |
Day's Range | 42.18 - 43.22 |
52-Week Range | 33.80 - 67.48 |
Beta | 1.13 |
Analysts | Buy |
Price Target | 60.00 (+41.64%) |
Earnings Date | May 2, 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 5 analysts, the average rating for SSTK stock is "Buy." The 12-month stock price forecast is $60.0, which is an increase of 41.64% from the latest price.
News
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.
Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results
NEW YORK , Feb. 21, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform connecting brands and businesses to high-quality content, today announced f...
Shutterstock To Report Fourth Quarter 2023 Earnings Results on February 21, 2024
NEW YORK , Feb. 5, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, will report its fourth quarter 20...
Shutterstock Acquires Backgrid Celebrity News Network
Acquisition Expands the Reach of Exclusive, High Quality Candid Entertainment News and Archival Content from the World's Top Photographers NEW YORK , Feb. 1, 2024 /PRNewswire/ -- Shutterstock, Inc. (...
Shutterstock Increases Quarterly Dividend By 11% to $0.30
New York , Jan. 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, today announced that its Board ...
Shutterstock Unveils TRUST, its Best-in-Class Approach for Ethical AI
As the first to bring commercially safe AI to the industry, Shutterstock TRUST serves as a guide for brands and agencies seeking a framework for responsible AI NEW YORK , Nov. 9, 2023 /PRNewswire/ -- ...
Shutterstock Reports Third Quarter 2023 Financial Results
NEW YORK , Oct. 31, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital m...
NOVEMBER 9: Shutterstock Showcase: Creative AI
See the Power of Shutterstock's Massive, High-Quality Content Library NEW YORK , Oct. 27, 2023 /PRNewswire/ -- Shutterstock, Inc. today announced that it will host the second in its ongoing series o...
Shutterstock Integrates Creative AI into Library of 700M Images to Offer First-Ever Marketplace of Fully Customizable Stock
NEW YORK , Oct. 26, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and market...
Shutterstock To Report Third Quarter 2023 Earnings Results on October 31, 2023
NEW YORK , Oct. 5, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformati...
Shutterstock Appoints Aimee Egan as First-Ever Global Head of Enterprise
NEW YORK , Aug. 15, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transforma...
Shutterstock Collaborates to Bring NeRF Generative AI Technology to 3D Creators Globally
Leading innovators in 3D NeRF Technology, Luma Labs AI and RECON Labs' 3Dpresso, to explore development and 3D asset publishing on Shutterstock's Turbosquid platform Volinga AI to explore licensing an...
Shutterstock Reports Second Quarter 2023 Financial Results
NEW YORK , Aug. 1, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a premier partner for transformative brands, digital media and marketing companies, today announced financial r...
Shutterstock Joins the Content Authenticity Initiative
Shutterstock to help create mechanism to address misinformation and offer precise detail on the authenticity and provenance of content at scale NEW YORK , July 25, 2023 /PRNewswire/ -- Shutterstock, ...
Shutterstock Becomes the Official Photographic Imagery Supplier of Premier League Football Club Tottenham Hotspur
Shutterstock Editorial Continues Investment in Sports Photography, Capturing the Heart of the Action and Excitement of Tottenham Hotspur Games for Fans Across the Globe NEW YORK , July 13, 2023 /PRNew...
Shutterstock shares jump on expanded partnership with OpenAI
Shutterstock Inc (NYSE: SSTK) ended nearly 10% up on Tuesday after announcing a new six-year deal with the company behind ChatGPT. Details of the new partnership Under the expanded agreement, the New ...
Shutterstock expands deal with OpenAI to build generative AI tools
Shutterstock today announced that it plans to expand its existing deal with OpenAI to provide the startup with training data for its AI models. Over the next six years, OpenAI will license data from S...
Shutterstock shares pop as company expands partnership with OpenAI
Shutterstock shares pop as company expands partnership with OpenAI
Shutterstock Expands Partnership with OpenAI, Signs New Six-Year Agreement to Provide High-Quality Training Data
Shutterstock delivering industry-forward experiences, powered by OpenAI NEW YORK , July 11, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-qual...
Shutterstock Offers Enterprise Customers Indemnification for AI Image Creation
Enables worry-free AI image licensing for enterprise customers and continues to compensate hundreds of thousands of artists through Shutterstock's AI-specific Contributor Fund NEW YORK , July 6, 2023 ...
Shutterstock To Report Second Quarter 2023 Earnings Results on August 1, 2023
NEW YORK , July 6, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformativ...
Shutterstock Studios Sweeps 44th Annual Telly Awards with 15 Wins
Awarded work ranges across gold, silver and bronze levels, multiple client categories and areas of production expertise NEW YORK , June 13, 2023 /PRNewswire/ -- Shutterstock Studios , a division of S...
Shutterstock Introduces Flexible Editorial Subscription Packages Across Entertainment, Breaking News, Sports and Archival Content
NEW YORK , June 8, 2023 /PRNewswire/ -- Shutterstock (NYSE: SSTK), a leading global creative platform for transformative brands, newsrooms and media companies, today announced the launch of the brand ...