Shutterstock, Inc. (SSTK)
| Market Cap | 1.53B |
| Revenue (ttm) | 873.62M |
| Net Income (ttm) | 93.55M |
| Shares Out | 35.84M |
| EPS (ttm) | 2.59 |
| PE Ratio | 16.45 |
| Forward PE | 12.70 |
| Dividend | $1.20 (2.82%) |
| Ex-Dividend Date | Aug 29, 2024 |
| Volume | 304,067 |
| Open | 42.56 |
| Previous Close | 41.85 |
| Day's Range | 41.91 - 43.07 |
| 52-Week Range | 33.80 - 54.41 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 60.75 (+42.57%) |
| Earnings Date | Aug 6, 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 4 analysts, the average rating for SSTK stock is "Buy." The 12-month stock price forecast is $60.75, which is an increase of 42.57% from the latest price.
News
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...
Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
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 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.
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...