Decemeber 16, 2015, Analyst Ratings
Cantor Fitzgerald analyst Youssef Squali maintained a Buy rating on Shutterstock (NYSE: SSTK) yesterday and set a price target of $65. The company’s shares closed yesterday at $31.45, close to its 52-week low of $27.50.
Squali said, “Our intra-quarter checks show no material changes to worldwide search trends or to wwwuct pricing for SSTK and Getty. While we have no way of measuring Adobe stock offering’s success within the Creative Cloud, we believe that Shutterstock continues to see healthy growth in its business so far this quarter, benefiting from its larger and growing stock photo library, superior search and expanding wwwuct offering. While the stock seems to have troughed since 3Q:15 earnings, we continue to believe that the risk/reward profile remains compelling.”
Shutterstock has an analyst consensus of Moderate Buy, with a price target consensus of $49.67.
The company has a one year high of $74.30 and a one year low of $27.50. Currently, Shutterstock has an average volume of 540.2k.
Financial bloggers on sites such as wsobserver.com, zacks.com and others, seem to have a Positive view on SSTK. When evaluating the opinions of financial bloggers over the last 3 months, 66% of bloggers have indicated a Bullish sentiment, while 34% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Service sector is 68% which is slightly more positive than the blogger sentiment of SSTK.
Unlike Cantor Fitzgerald`s latest rating, based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2015, Nicholas Flynn, a the SVP Enterprise Sales of SSTK sold 615 shares for a total of $20,590.
According to TipRanks.com, Squali is a top 25 analyst with an average return of 18.5% and a 63.8% success rate. Squali covers the Technology sector, focusing on stocks such as Alibaba Group, Ancestry.com, and Demand Media.
Shutterstock Inc operates marketplace for commercial digital imagery, it includes licensed photographs, illustrations and video clips.