JMP Securities analyst Andrew Boone reiterated a Buy rating on Shutterstock (NYSE:SSTK) on Tuesday, setting a price target of $145, which is approximately 20.16% above the present share price of $120.67.
Boone expects Shutterstock to post earnings per share (EPS) of $0.81 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Shutterstock, with an average price target of $131.5.
The analysts price targets range from a high of $145 to a low of $120.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $189.91 million and a net profit of $33.23 million. The company's market cap is $4.46 billion.
According to TipRanks.com, JMP Securities analyst Andrew Boone is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 12.4% and a 58.06% success rate.
Shutterstock, Inc. engages in the operation of marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand's needs. It operates through the Content Business and Other Category segments. The Content segment consists of Bigstock, Music, and Editorial. The Other Category segment comprises of webdam. The company was founded by Jonathan Oringer in 2003 and is headquartered in New York, NY.