Shutterstock Inc [SSTK] stock is trading at $38.79, up 4.92%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SSTK shares have gain 8.84% over the last week, with a monthly amount glided 0.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On November 28, 2022, downgrade downgraded it’s rating to Mkt Perform. Redburn started tracking the stock assigning a Buy rating. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $54 as its price target on July 28, 2022. Needham started tracking with a Buy rating for this stock on April 27, 2021, and assigned it a price target of $105.
Shutterstock Inc [SSTK] stock has fluctuated between $33.80 and $58.42 over the past year. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Shutterstock Inc [NYSE: SSTK] shares were valued at $38.79 at the most recent close of the market. An investor can expect a potential return of 80.46% based on the average SSTK price forecast.
Analyzing the SSTK fundamentals
Shutterstock Inc [NYSE:SSTK] reported sales of 873.62M for the trailing twelve months, which represents a drop of -0.45%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.18 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.92 points at the first support level, and at 37.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.27, and for the 2nd resistance point, it is at 39.74.
Ratios To Look Out For
For context, Shutterstock Inc’s Current Ratio is 0.60. In addition, the Quick Ratio stands at 0.60 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 2.55 and price to earnings (TTM) ratio is 15.03.
Transactions by insiders
Recent insider trading involved Yahes Jarrod, CHIEF FINANCIAL OFFICER, that happened on May 24 ’24 when 5350.0 shares were purchased. CHIEF EXECUTIVE OFFICER, Hennessy Paul J. completed a deal on May 23 ’24 to buy 12500.0 shares. Meanwhile, GLOBAL HEAD OF ECOMMERCE Caine John sold 5439.0 shares on May 01 ’24.
