Shutterstock Stock (NYSE:SSTK), Trade Ideas

Shutterstock

Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market.

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&#39;They Stole Everything:&#39; Elon Musk&#39;s War With OpenAI Heats Up After Sora&#39;s Data Sourcing Doubts Emerge In CTO Mira Murati&#39;s Interview

Shutterstock Inc

Truist Securities analyst Youssef Squali maintains Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) with a Buy and lowers the price target from $70 to $65.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Shutterstock, Lowers Price Target to $65

Needham analyst Bernie McTernan maintains Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) with a Buy and raises the price target from $60 to $65.

Needham Maintains Buy on Shutterstock, Raises Price Target to $65

In the preceding three months, 6 analysts have released ratings for Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $60.83, a high estimate of $70.00, and a low estimate of $55.00. A 28.44% drop is evident in the current average compared to the previous average price target of $85.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714654864_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Shutterstock. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Shutterstock. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shutterstock compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Shutterstock's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Shutterstock's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SSTK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Shutterstock analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Shutterstock</h2>
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market.
<h3>Key Indicators: Shutterstock's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Shutterstock's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -0.23%. This indicates a decrease in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -0.46%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Shutterstock's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.19%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.1%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Shutterstock's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Shutterstock: Insights From 6 Financial Analysts

Needham analyst Bernie McTernan reiterates Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) with a Buy and maintains $60 price target.

Reiteration

Needham Reiterates Buy on Shutterstock, Maintains $60 Price Target

2024&nbsp;GUIDANCE
The Company increased its&nbsp;guidance&nbsp;for the full year 2024, to the following:
<ul>
<li>Revenue of&nbsp;$923 million&nbsp;to&nbsp;$936 million, representing annual growth of&nbsp;5.5%&nbsp;to&nbsp;7%.</li>
<li>Adjusted EBITDA of&nbsp;$245 million&nbsp;to&nbsp;$248 million.</li>
<li>Adjusted net income per diluted share of between&nbsp;$4.18&nbsp;to&nbsp;$4.32.</li>
</ul>

Guidance

Shutterstock Expects FY24 Revenue of $923M-$936M (Prior $875M) Vs $875.70M Est, Adj EPS of $4.18-$4.32 (Prior $4.15-$4.30) Vs $4.22 Est

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156649-1&amp;h=4072296199&amp;u=https%3A%2F%2Fwww.shutterstock.com%2Fhome&amp;a=Shutterstock%2C+Inc." target="_blank">Shutterstock, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that it entered into a definitive agreement to acquire Envato Pty Ltd. (&quot;Envato&quot;), a leader in digital creative assets and templates. Envato&#39;s flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more&mdash;an intelligent creative companion helping creatives make their mark globally.
Transaction Highlights:
<ul>
<li>$245 million&nbsp;cash purchase of&nbsp;100%&nbsp;of Envato Pty Ltd at closing, after customary working capital and other adjustments</li>
</ul>
<ul>
<li>Expected to accelerate path to Shutterstock&#39;s 2027 long-term targets with Envato adding&nbsp;20%&nbsp;to annual revenues and&nbsp;15%&nbsp;to annual adjusted EBITDA</li>
</ul>
<ul>
<li>Financing via a&nbsp;$375 million&nbsp;credit facility with expected drawn leverage of 0.7x net debt to 2024 combined adjusted EBITDA</li>
</ul>
<ul>
<li>Expected transaction closing in the&nbsp;third quarter, subject to customary closing conditions</li>
</ul>

Shutterstock to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription for $245M

Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.99 by 14.14 percent. The company reported quarterly sales of $214.315 million which beat the analyst consensus estimate of $208.518 million by 2.78 percent. This is a 0.45 percent decrease over sales of $215.280 million the same period last year.

Earnings

Earnings Beats

Shutterstock Q1 2024 Adj EPS $1.13 Beats $0.99 Estimate, Sales $214.315M Beat $208.518M Estimate

CNBC host Jim Cramer has spotlighted several lesser-known partners of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) that could potentially benefit from the company&#8217;s advanced artificial intelligence (AI) technology.
What Happened: Cramer, while reporting from Nvidia&#8217;s conference in San Jose, California, identified several non-tech companies that could see significant gains from their association with Nvidia, <a href="https://www.cnbc.com/2024/03/19/jim-cramer-names-some-of-the-non-tech-nvidia-partners-to-watch.html">reported</a> CNBC on Tuesday.
He emphasized that these non-tech partners, often overlooked compared to the big tech companies, could present the &#8220;best opportunities.&#8221; Cramer mentioned companies like Getty Images Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) and Shutterstock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>), which, despite experiencing stagnant revenues, could see a turnaround due to their collaboration with Nvidia in training new AI models using their images.
He also highlighted Nvidia&#8217;s partnerships in the healthcare sector, including collaborations with Medtronic, GE HealthCare Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>). Although these partnerships have not yet translated into increased earnings for the companies, Cramer suggested they could be significant market winners in the future.
&#8220;The knowledge isn&#8217;t always in the conference call, or the analyst reports—sometimes it&#8217;s right here, like the purloined letter, hidden in glorious plain sight,&#8221; Cramer said. You just have to get off the desk and find it by going to Nvidia&#8217;s GPU technology conference and seeing who&#8217;s showing off their wares at the most important AI event of the year.&#8221;
See Also: <a href="https://www.benzinga.com/partner/markets/24/03/37591834/this-could-be-a-gamechanger-for-natural-gas-in-europe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">This Could Be A Gamechanger For Natural Gas In Europe</a>
Why It Matters: Earlier this week, Nvidia CEO Jensen Huang emphasized that Nvidia is <a href="https://www.benzinga.com/news/24/03/37827520/beyond-the-limits-of-physics-jensen-huang-says-nvidia-is-not-just-a-chipmaker-puts-2t-valuation-up-a">not just a chipmaker</a> but an accelerated computing company focusing on offloading workloads and running them &#8220;insanely fast.&#8221; 
Despite a drop in Nvidia&#8217;s stock following <a href="https://www.benzinga.com/markets/equities/24/03/37811171/jim-cramer-predicts-the-impact-of-nvidias-efforts-will-indeed-create-the-next-industrial-revolut">Huang&#8217;s keynote presentation</a>, Cramer predicted that Nvidia&#8217;s efforts would create the next industrial revolution.
However, the stock&#8217;s performance has been mixed, with a dip following Huang&#8217;s GTC 2024 keynote presentation. Despite this, analysts have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37812283/nothing-short-of-amazing-nvidia-analysts-praise-ai-chipmakers-gtc-unveilings-but-st">praised the AI chipmaker&#8217;s GTC unveilings</a> as &#8220;nothing short of amazing.&#8221;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37761475/dogecoin-killer-shiba-inu-burn-rate-defies-market-action-with-933-surge-daily-active-addre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burn Rate Defies Market Action With 933% Surge, Daily Active Addresses Spike By 8%</a>
Image Via Shutterstock 
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Jim Cramer Reveals Nvidia's Non-Tech Partners That Can Be Potential Market Winner: 'Best Opportunities'

Tesla and SpaceX CEO Elon Musk has accused ChatGPT-maker OpenAI of stealing &#8220;everything&#8221; after <a href="https://www.benzinga.com/news/24/03/37704187/is-openais-viral-ai-video-generator-sora-trained-on-youtube-and-instagram-cto-mira-murati-is-not-sur">an interview of the company&#8217;s</a> CTO Mira Murati posted online raised questions about its data sourcing.
What Happened: On Thursday, Musk took to X, formerly&nbsp;Twitter, to express his concerns about OpenAI&#8217;s data sourcing <a href="https://www.benzinga.com/news/24/02/37175800/how-to-try-openais-sora-the-new-text-to-video-model">for its AI model</a>, Sora. 
In an interview posted on YouTube with The Wall Street Journal, Murati admitted to using publicly available and licensed data to train Sora. When asked about the specific sources, she was uncertain, sparking speculation that OpenAI might have used publicly available videos from platforms like YouTube, Facebook, and Instagram. 
Murati later&nbsp;confirmed that the licensed data&nbsp;included data from&nbsp;Shutterstock&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>). The ChatGPT-parent extended the relationship with Shutterstock in 2023 for six more years. 
In July, it was revealed that this partnership will allow the Sam Altman-led company to train its models using Shutterstock's extensive library of images, videos, music, and metadata.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/03/37622762/elon-musks-brother-kimbal-shares-the-holy-s-moment-when-they-knew-their-first-companys-product-was-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Brother Kimbal Shares The &#8216;Holy S&#x2A;&#x2A;&#x2A;&#8217; Moment When They Knew Their First Company&#8217;s Product Was Destined For &#8216;Everyone Forever&#8217;</a>
However, this revelation has raised questions about OpenAI&#8217;s data sourcing practices and the potential ethical implications of using publicly available data without clear consent. Musk has once again criticized the company he co-founded in 2015 and left in 2018, saying, &#8220;They stole everything.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They stole everything
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1768173204986593469?ref_src=twsrc%5Etfw">March 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This is not the first time Musk has been at odds with OpenAI. The tech billionaire <a href="https://www.benzinga.com/news/23/04/32101720/elon-musk-cut-off-openais-access-to-twitters-data-report-reveals-heres-why">cut off OpenAI&#8217;s access to Twitter&#8217;s data</a>, just months after acquiring the social media platform. At the time it was reported that Musk felt&nbsp;the $2 million that OpenAI&nbsp;paid annually&nbsp;to license Twitter&#8217;s data was insufficient.
This move was seen as a significant blow to OpenAI&#8217;s AI development efforts.
Meanwhile, the Indian government has also taken a strong stance on AI data usage, with the country&#8217;s&nbsp;<a href="https://in.benzinga.com/content/36211263/it-minister-says-only-trusted-ai-models-will-have-access-to-indias-data?_gl=1&#x2A;1aet51&#x2A;_ga&#x2A;OTA2NzIyOTE2LjE2OTk0MDk1NDQ.&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxMDQ2MzM2NS4zODguMS4xNzEwNDY1MzQ3LjAuMC4w">IT Minister stating</a>&nbsp;that only trusted AI models will have access to its data. This move underscores the global concern about the ethical use of AI and the need for clear regulations.
Earlier this month, <a href="https://www.benzinga.com/news/24/03/37415380/elon-musk-sues-sam-altman-and-openai-for-refining-agi-to-maximize-profits-for-microsoft-stark-betray">Musk&nbsp;also sued OpenAI</a> for allegedly betraying the founding principles of the AI startup by prioritizing profits for Microsoft Corporation over the benefit of humanity. This lawsuit is part of Musk&#8217;s ongoing criticism of OpenAI&#8217;s practices. The Altman-led company, in response, refuted the claims&nbsp;regarding the&nbsp;existence of a&nbsp;"founding agreement" for the company's non-profit status and the non-disclosure of source code. 
Despite OpenAI&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/03/37503396/elon-musk-retorts-with-change-your-name-after-openai-assembles-all-star-cast-to-respond-to-lawsuit">strong response to the lawsuit</a>, Musk has continued to criticize the company, indicating a deepening rift between the tech billionaire and the AI startup.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/03/37664154/onlyfans-has-over-120-police-complaints-about-non-consensual-content-sharing-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OnlyFans Has Over 120 Police Complaints About Non-Consensual Content Sharing: Report</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo via Shutterstock

'They Stole Everything:' Elon Musk's War With OpenAI Heats Up After Sora's Data Sourcing Doubts Emerge In CTO Mira Murati's Interview

4 analysts have expressed a variety of opinions on Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $61.25, a high estimate of $70.00, and a low estimate of $55.00. This current average represents a 27.94% decrease from the previous average price target of $85.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1708704015_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Shutterstock among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Shutterstock. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Shutterstock compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Shutterstock's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Shutterstock's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SSTK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Shutterstock analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Shutterstock's Background</h2>
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, generates almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand, and the majority of the company's sales are derived from the company's shutterstock.com website. The firm's customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.
<h3>Shutterstock's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Shutterstock's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -6.87% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Shutterstock's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -0.46%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Shutterstock's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.19%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Shutterstock's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.1%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Shutterstock's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Shutterstock Stands With Analysts

Morgan Stanley analyst Brian Nowak assumes Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) with a Equal-Weight rating and announces Price Target of $55.

Initiation

Morgan Stanley Assumes Shutterstock at Equal-Weight, Announces Price Target of $55

<h3>Gainers</h3>
<ul>
<li>Sound Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOGP#NASDAQ">SOGP</a>) shares moved upwards by 95.5% to $5.62 during Wednesday's pre-market session. The company's market cap stands at $29.7 million. </li>
<li>NFT (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MI#AMEX">MI</a>) stock rose 9.54% to $0.19. The market value of their outstanding shares is at $6.7 million. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) stock rose 9.53% to $0.55. The market value of their outstanding shares is at $2.8 million. </li>
<li>Charge Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGE#NASDAQ">CRGE</a>) shares increased by 7.29% to $0.09. The market value of their outstanding shares is at $19.6 million. </li>
<li>Collective Audience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAUD#NASDAQ">CAUD</a>) shares increased by 5.55% to $1.14. The company's market cap stands at $15.6 million. </li>
<li>Bilibili (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) stock increased by 4.9% to $10.7. The company's market cap stands at $4.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Pop Culture Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) stock declined by 19.3% to $5.8 during Wednesday's pre-market session. The market value of their outstanding shares is at $14.1 million. </li>
<li>Arena Group Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AREN#AMEX">AREN</a>) stock fell 18.19% to $1.8. The company's market cap stands at $53.0 million. </li>
<li>Able View Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLV#NASDAQ">ABLV</a>) shares decreased by 9.51% to $2.38. The company's market cap stands at $99.6 million. </li>
<li>Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) stock decreased by 8.42% to $40.73. The market value of their outstanding shares is at $1.4 billion. As per the press release, Q4 earnings came out today. </li>
<li>Oriental Culture Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) shares fell 7.58% to $1.83. The company's market cap stands at $7.7 million. </li>
<li>Cineverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) stock fell 7.54% to $1.35. The market value of their outstanding shares is at $17.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Communication Services Stocks Moving In Wednesday's Pre-Market Session

Shutterstock Sees 2024 Revenue Of $875M (Est $919.34M) And Adjusted EBITDA Of $241M, Unchanged From 2023; Adjusted EPS Of $4.15-$4.30 (Est $4.18)

Shutterstock Targets Revenue Growth CAGR Of 10% And 2027 Revenues Of $1.2B; EBITDA Margin Expansion From 28% To 30% And 2027 EBITDA Of $350M

Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) reported quarterly Adj earnings of $0.72 per share which beat the analyst consensus estimate of $0.67 by 7.46 percent. This is a 31.43 percent decrease over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $217.22 million which missed the analyst consensus estimate of $224.00 million by 3.03 percent. This is a 0.23 percent decrease over sales of $217.73 million the same period last year.

Shutterstock Q4 Adj EPS $0.72 Beats $0.67 Estimate, Sales $217.22M Miss $224.00M Estimate

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4079617-1&amp;h=1746241511&amp;u=https%3A%2F%2Fwww.shutterstock.com%2Fhome&amp;a=Shutterstock%2C+Inc." target="_blank">Shutterstock, Inc.</a>&nbsp;(NYSE:&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4079617-1&amp;h=957204119&amp;u=https%3A%2F%2Fstudio-5.financialcontent.com%2Fprnews%3FPage%3DQuote%26Ticker%3DSSTK&amp;a=SSTK" target="_blank">SSTK</a>), a leading global creative platform connecting brands and businesses to high-quality content, today announced that its Board of Directors has declared a cash dividend of&nbsp;$0.30&nbsp;per share of outstanding common stock on&nbsp;January 29, 2024, payable on&nbsp;March 14, 2024, to stockholders of record at the close of business on&nbsp;February 29, 2024. This represents an increase of approximately&nbsp;11%&nbsp;over the previous quarterly dividend of&nbsp;$0.27&nbsp;per share of outstanding common stock.

Dividends

Shutterstock Increases Quarterly Dividend By 11% to $0.30

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Shares of several companies in the broader communication, media and entertainment sector are trading higher amid overall market strength following softer-than-expected October inflation data, which could put less pressure on the Fed to raise rates further.

Shutterstock Q1 2024 Earnings Preview

Shutterstock Non-GAAP EPS of $1.13 beats by $0.14, revenue of $214.3M beats by $5.76M

Shutterstock to acquire Envato

Shutterstock declares $0.30 dividend

In a report released today, Bernie McTernan from Needham maintained a Buy rating on Shutterstock (SSTK – Research Report), with a price target of $...

Buy Rating Affirmed for Shutterstock Amid Strategic Growth and Acquisitions

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Shutterstock (NYSE:<a href="https://investorplace.com/stock-quotes/sstk-stock-quote/">SSTK</a>) just reported results for the first quarter of 2024.<ul><li>Shutterstock reported earnings per share of $1.13. This was above the analyst estimate for EPS of 99 cents.</li><li>The company reported revenue of $214.32 million.</li><li>This was 2.78% better than the analyst estimate for revenue of $208.52 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/sstk-stock-earnings-shutterstock-for-q1-of-2024/">SSTK Stock Earnings: Shutterstock Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SSTK Stock Earnings: Shutterstock Beats EPS, Beats Revenue for Q1 2024

An update from Shutterstock (SSTK) is now available. Shutterstock, Inc. is set to acquire all of Envato Pty Ltd's issued and outstanding capital st...

Shutterstock Announces Major Acquisition and Secures Financing

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

In a report released today, Andrew Boone from JMP Securities maintained a Hold rating on Shutterstock (SSTK – Research Report). The company's share...

JMP Securities Remains a Hold on Shutterstock (SSTK)

Truist Financial analyst Youssef Squali maintained a Buy rating on Shutterstock (SSTK – Research Report) today and set a price target of $65.00. Th...

Truist Financial Reaffirms Their Buy Rating on Shutterstock (SSTK)

Entertainment

Press Releases

General

Shutterstock Named Official House Photographer and Leadership Sponsor of 2024 Sundance Film Festival

Shutterstock Acquires Backgrid Celebrity News Network

Shutterstock To Report Fourth Quarter 2023 Earnings Results on February 21, 2024

Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results

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

Shutterstock Reports First Quarter 2024 Financial Results

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

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