RBC Capital raised their price target on shares of Shutterstock (NASDAQ: SSTK)
SSTK has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a ?buy? rating on shares of Shutterstock in a research note to investors on Friday, February 22nd. They now have a $35.00 price target on the stock, up previously from $32.00. Analysts at Cantor Fitzgerald initiated coverage on shares of Shutterstock in a research note to investors on Thursday, January 10th. They set a ?buy? rating and a $30.00 price target on the stock.
Four equities research analysts have rated the stock with a buy rating, and three have issued a hold rating to the company?s stock. The company currently has an average rating of ?overweight? and a consensus target price of $32.75.
Shares of Shutterstock opened at 32.52 on Friday. Shutterstock has a one year low of $21.00 and a one year high of $35.73. The stock?s 50-day moving average is currently $26.87. The company has a market cap of $1.090 billion and a P/E ratio of 18.21.
Shutterstock last announced its earnings results on Thursday, February 21st. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.73. The company had revenue of $49.16 million for the quarter, compared to the consensus estimate of $44.90 million. The company?s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts predict that Shutterstock will post $0.75 earnings per share for the current fiscal year.