Previous close | 42.44 |
Open | 44.64 |
Bid | 41.60 x 800 |
Ask | 41.70 x 1100 |
Day's range | 40.20 - 44.69 |
52-week range | 33.80 - 58.42 |
Volume | |
Avg. volume | 511,978 |
Market cap | 1.485B |
Beta (5Y monthly) | 1.13 |
PE ratio (TTM) | 13.65 |
EPS (TTM) | 3.04 |
Earnings date | 02 May 2024 |
Forward dividend & yield | 1.20 (2.83%) |
Ex-dividend date | 30 May 2024 |
1y target est | 57.80 |
Revenue Stagnates as Net Income Halves, Despite Strategic Moves to Bolster Future Growth
Shutterstock (SSTK) delivered earnings and revenue surprises of 18.95% and 1.56%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that it entered into a definitive agreement to acquire Envato Pty Ltd. ("Envato"), a leader in digital creative assets and templates. Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion