Short Term Price Target on Shutterstock (SSTK)

Shutterstock (NYSE:SSTK) : The highest short term price target forecast on Shutterstock (NYSE:SSTK) is $51 and the lowest target price is $35. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $45.25 with a standard deviation of $7.32.

Shares of Shutterstock, Inc. rose by 0.04% in the last five trading days and 7.41% for the last 4 weeks. Shutterstock, Inc. is up 22.23% in the last 3-month period. Year-to-Date the stock performance stands at 41.62%.

Shutterstock (NYSE:SSTK) : Zacks Investment Research ranks Shutterstock (NYSE:SSTK) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.5, which indicates as a Buy.

Shutterstock (NYSE:SSTK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.22 and $45.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.80, notching a gain of 7.16% for the day. The total traded volume was 4,457,604 . The stock had closed at $42.74 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer) of Shutterstock, Inc., Berns Steven had sold 847 shares worth of $36,675 in a transaction dated June 16, 2016. In this transaction, 847 shares were sold at $43.3 per share.

Shutterstock, Inc. (Shutterstock) operates a global marketplace for commercial digital content, including images, video and music. The Companys commercial digital imagery consists of licensed photographs, illustrations and video clips that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a set of marketing channels, including online display advertising, print advertising, tradeshows, email marketing, direct mail, affiliate marketing, public relations, social media and partnerships. The Companys online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license, download and incorporate into their work.

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