Shutterstock, Inc., a technology company, provides content, and tools and services in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement digital imagery. The company provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Select, Shutterstock Custom, Shutterstock Editorial, Offset, PremiumBeat brand names, as well as Application programming interface, and Editor and Editor Pro tools to enhance workflow and project management needs, and search capabilities. It serves marketing professionals and organizations, media and broadcast companies, and small and medium-sized businesses through online platform. Shutterstock, Inc. has a strategic alliance with Wochit, Inc. to share technology for enterprise video creation. The company was founded in 2003 and is headquartered in New York, New York.
IPO Year: 2012
Exchange: NYSE
Website: shutterstock.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2024 | $55.00 | Equal-Weight | Morgan Stanley |
| 10/19/2023 | $34.00 | Underperform | BofA Securities |
| 11/28/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/25/2022 | Buy | Redburn | |
| 7/28/2022 | $54.00 | Equal-Weight | Morgan Stanley |
| 2/11/2022 | $145.00 → $115.00 | Buy | Needham |
| 10/27/2021 | $120.00 → $145.00 | Buy | Needham |
| 7/28/2021 | $105.00 → $120.00 | Buy | Needham |
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4 - Shutterstock, Inc. (0001549346) (Issuer)
4 - Shutterstock, Inc. (0001549346) (Issuer)
4 - Shutterstock, Inc. (0001549346) (Issuer)
4 - Shutterstock, Inc. (0001549346) (Issuer)
4 - Shutterstock, Inc. (0001549346) (Issuer)
4 - Shutterstock, Inc. (0001549346) (Issuer)
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- GIPHY, the world's largest library of GIFs and stickers, is partnering with TikTok, the leading destination for short-form mobile video to enhance the platform's direct messaging experience with AI-powered GIF recommendations. GIPHY is a wholly-owned subsidiary of Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies. This integration represents a dynamic convergence of self-expression and creative communication.By integra
Achieves Record Revenues and Adjusted EBITDA and Increases Guidance for 2024Announces Departure of CFO and Appointment of Incoming CFO NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the third quarter ended September 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock generated record Revenu
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its third quarter 2024 business and financial results on Tuesday, October 29, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct acc
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the second quarter ended June 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock's second quarter results exceeded our expectations for revenue and adjusted EBITDA driven by exceptional growth in Data, Distribution and Services. We are thrilled
AI Generator Now in Commercial Beta; Generates Realistic 3D Models in Minutes NEW YORK, July 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced the launch of its generative 3D API, giving enterprises a fast and ethical way to produce realistic 3D models with AI. This generative API, built on the multimodal NVIDIA Edify generative AI architecture, was trained exclusively on Shutterstock content, including more than half a million ethically-sourced 3D models, more than 650 million images and detailed Shutterstock metadata.
NEW YORK, July 22, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, completed its previously announced acquisition of Envato Pty Ltd. ("Envato"), a leader in digital creative assets and templates. Strategic Highlights: Complements Shutterstock's existing offering with Envato Elements, a leading unlimited multi-asset subscription offeringExpands Shutterstock's reach within faster growing audiences such as freelancers, hobbyists, small
NEW YORK, July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its second quarter 2024 business and financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct acc
NEW YORK, July 9, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, has been appointed to the company's board of directors. Teevan is currently responsible for driving research-backed innovation in Microsoft's core products and previously held the role of Technical Advisor to Microsoft CEO Satya Nadella. Jaime Teevan, Chief Scientist
The generative AI messaging platform is announcing its launch and recent funding led by High Alpha Backstroke is announcing the launch of its generative AI messaging platform that's set to revolutionize email, SMS, mobile push, and customer marketing for B2C brands. Backed by a $2M seed round co-led by venture firms High Alpha and Ground Game Ventures, and with participation from Allos Ventures. Backstroke combines fresh technology with seasoned experience, presenting a significant opportunity in the marketing tech landscape. Backstroke leverages a vast dataset from over 10,000 brands, tracking and tagging millions of messages – and their performance – in more than 200 different ways. T
New text-to-image diffusion model enables organizations to generate high-fidelity, trusted images SAN FRANCISCO and NEW YORK, June 12, 2024 /PRNewswire/ -- Databricks, the Data and AI company, and Shutterstock, Inc., a leading global creative platform, today announced Shutterstock ImageAI, Powered by Databricks, a text-to-image Generative AI model optimized for enterprise use. Built using the advanced capabilities of Databricks Mosaic AI and trained exclusively on Shutterstock's world-class image repository, ImageAI generates customized, high-fidelity, trusted images that are tailored to specific business needs.
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Morgan Stanley resumed coverage of Shutterstock with a rating of Equal-Weight and set a new price target of $55.00
BofA Securities resumed coverage of Shutterstock with a rating of Underperform and set a new price target of $34.00
JMP Securities downgraded Shutterstock from Mkt Outperform to Mkt Perform
Redburn initiated coverage of Shutterstock with a rating of Buy
Morgan Stanley initiated coverage of Shutterstock with a rating of Equal-Weight and set a new price target of $54.00
Needham reiterated coverage of Shutterstock with a rating of Buy and set a new price target of $115.00 from $145.00 previously
Needham reiterated coverage of Shutterstock with a rating of Buy and set a new price target of $145.00 from $120.00 previously
Needham reiterated coverage of Shutterstock with a rating of Buy and set a new price target of $120.00 from $105.00 previously
JMP Securities reiterated coverage of Shutterstock with a rating of Market Outperform and set a new price target of $110.00 from $100.00 previously
Needham initiated coverage of Shutterstock with a rating of Buy and set a new price target of $105.00
NEW YORK, July 9, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, has been appointed to the company's board of directors. Teevan is currently responsible for driving research-backed innovation in Microsoft's core products and previously held the role of Technical Advisor to Microsoft CEO Satya Nadella. Jaime Teevan, Chief Scientist
NEW YORK, Aug. 15, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced that Aimee Egan joined the Company's leadership team and Executive Committee as the Global Head of Enterprise, effective August 7, 2023. With more than 20 years of global executive experience in B2B sales, marketing and general management, Aimee will sit at the helm of Shutterstock's powerful Enterprise function, incl
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform for transformative brands and media companies, today announced that Sejal Amin is joining the Company's leadership team and Executive Committee as Chief Technology Officer (CTO), effective September 12, 2022. With more than 20 years of global leadership, product and technology experience, Sejal will deliver a technology vision and strategy that transforms Shutterstock's technology platform to deliver a new and unparalleled experience to customers and con
NEW YORK, May 11, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) ("the Company"), the leading global creative platform for transformative brands and media companies, today announced that Paul Hennessy has been named Chief Executive Officer, effective July 1, 2022. Mr. Hennessy, a Company Board member since 2015, succeeds Jon Oringer, Shutterstock's founder, who is currently serving as Interim Chief Executive Officer. Mr. Oringer will remain as Executive Chairman of the Board. With more than 20 years of global leadership and digital marketplace experience, Mr. Hennessy wi
The Company names Jason McClelland as the new Chief Marketing Officer, and Christopher 'Skip' Wilson as the new Vice President, Brand Marketing NEW YORK, April 25, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), the leading global creative platform for transformative brands and media companies, today announced Jason McClelland is joining the Company's leadership team and Executive Committee as Chief Marketing Officer (CMO), and Christopher 'Skip' Wilson is joining as the Company's Vice President of Brand Marketing. As CMO, Jason brings over two decades of
Brings Global Executive and Board Experience for Publicly listed Companies PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced Rachna Bhasin has joined its Board as an Independent, Non-Executive Director. PropertyGuru's Board of Directors is now comprised of 50% Independent Directors demonstrating the Group's continued focus on governance. Ms. Bhasin, who has worked in the U.S., Hong Kong, Australia and New Zealand, has built her career leading global companies in the technology, music and consumer internet industries through successful digital transformations to stay ahead of emerging consumer trends. She
Sportradar, a leading global provider of sports betting and sports entertainment products and services, today announced that Deirdre M. Bigley has been appointed to the Sportradar Holding AG ("Global") Board of Directors, effective immediately. Deirdre Bigley has been Chief Marketing Officer of Bloomberg, the world's primary distributor of financial data, since 2014. Bigley has been responsible for designing and launching the first global marketing department at Bloomberg and building marketing strategies for all business units across the company. Bigley joined Bloomberg in 2009 as the Global Leader of Marketing Communications. Prior to her career at Bloomberg, Bigley held numerous leaders
NEW YORK, Jan. 12, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced that its Board of Directors has declared a cash dividend of $0.21 per share of outstanding common stock, payable on March 18, 2021, to stockholders of record at the close of business on March 4, 2021. This represents an increase of approximately 24% over the previous quarterly dividend of $0.17 per share of outstanding common stock. Commenting on the announcement, Stan Pavlovsky, the Company's Chief Executive Officer, said, "Our Board's deci
NEW YORK, Dec. 7, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), today announced that Alfonse Upshaw, Senior Vice President, Corporate Controller and Chief Accounting Officer of Kaiser Foundation Plans and Hospitals (Kaiser Permanente), has been appointed to the company's board of directors and will chair the audit committee of the board. "We are pleased to welcome Alfonse to the Shutterstock board of directors at an exciting time for our company. He brings a wealth of experience in developing and executing strategic initiatives that we will benefit from as we continue to innovate our offerings and accelerate our subscription-based model" said Stan Pavlovsky, Chief Executive Offic
Achieves Record Revenues and Adjusted EBITDA and Increases Guidance for 2024Announces Departure of CFO and Appointment of Incoming CFO NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the third quarter ended September 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock generated record Revenu
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its third quarter 2024 business and financial results on Tuesday, October 29, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct acc
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the second quarter ended June 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock's second quarter results exceeded our expectations for revenue and adjusted EBITDA driven by exceptional growth in Data, Distribution and Services. We are thrilled
NEW YORK, July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its second quarter 2024 business and financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct acc
NEW YORK, May 2, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the first quarter ended March 31, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock delivered strong first quarter results beyond our expectations. Data, Distribution & Services benefited from increased demand from new and existing customers. In Co
NEW YORK, April 11, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its first quarter 2024 business and financial results on Thursday May 2, 2024 before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct access
NEW YORK, Feb. 21, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform connecting brands and businesses to high-quality content, today announced financial results for the full year and fourth quarter ended December 31, 2023. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock delivered record revenues and profitability in 2023 and significantly exceeded our targets set out at the beginning of the year. Our success in building a leading content platform has allowed
NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform connecting brands and businesses to high-quality content, will report its fourth quarter 2023 business and financial results on Wednesday February 21, 2024 before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct access. The webcast is listen-only. A webcast re
Acquisition Expands the Reach of Exclusive, High Quality Candid Entertainment News and Archival Content from the World's Top Photographers NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, today announced the acquisition of Backgrid, a global premier destination for celebrity news, known for supplying top media organizations with real-time content from the world's top photographers for more than three decades. Through this acquisition, Shutterstock will expand its archive with an additional 30 million+ images and videos across celebrity, red carpet and live events, and add more
New York, Jan. 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, today announced that its Board of Directors has declared a cash dividend of $0.30 per share of outstanding common stock on January 29, 2024, payable on March 14, 2024, to stockholders of record at the close of business on February 29, 2024. This represents an increase of approximately 11% over the previous quarterly dividend of $0.27 per share of outstanding common stock. Commenting on the announcement, Paul Henne
5 analysts have shared their evaluations of Shutterstock (NYSE:SSTK) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 4 0 0 0 0 Analysts have recently evaluated Shutterstock and provided 12-month price targets. The average target is $62.6, accompanied by a high estimate of $65.00 and a low estimate of $58.00. Observing a 0.97% in
Morgan Stanley analyst Brian Nowak maintains Shutterstock (NYSE:SSTK) with a Equal-Weight and raises the price target from $55 to $58.
-Reuters
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Shutterstock, Inc. (NASDAQ:SSTK) Dividend Yield: 3.02% Truist Securities analyst Youssef Squali maintained a Buy rat
Shutterstock Inc. (NYSE:SSTK), a well-known platform for images and videos, has entered into a partnership with Reka AI, a startup specializing in large language models. The financial terms were not disclosed. As part of this partnership, Reka will license Shutterstock’s extensive library of digital visual assets to assist in developing frontier-class multimodal language AI models. In addition to continued investment in human-created metadata, Shutterstock expects to leverage Reka’s multimodal models to augment details and improve the metadata attached to its library of digital assets. The licensing business with AI firms generated $104 million in revenue last year, CEO Paul J. Henn
- Reuters
Needham analyst Bernie McTernan reiterates Shutterstock (NYSE:SSTK) with a Buy and maintains $65 price target.
Truist Securities analyst Youssef Squali maintains Shutterstock (NYSE:SSTK) with a Buy and lowers the price target from $70 to $65.
Needham analyst Bernie McTernan maintains Shutterstock (NYSE:SSTK) with a Buy and raises the price target from $60 to $65.