Shutterstock, Inc. (SSTK)

NYSE: SSTK · IEX Real-Time Price · USD
42.36
+0.18 (0.43%)
Apr 26, 2024, 4:00 PM EDT - Market closed
0.43%
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]

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 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.

Price Target
$60.0
(41.64% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

16 days 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
18 days 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
5 weeks ago - VentureBeat

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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. (...

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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/ -- ...

6 months ago - 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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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, ...

9 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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 ...

10 months ago - Invezz

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...

10 months ago - TechCrunch

Shutterstock shares pop as company expands partnership with OpenAI

Shutterstock shares pop as company expands partnership with OpenAI

10 months ago - CNBC

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...

10 months ago - PRNewsWire

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 ...

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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 ...

11 months ago - PRNewsWire