SSTK Stock Overview
Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$51.24|
|52 Week High||US$128.36|
|52 Week Low||US$48.64|
|1 Month Change||-8.07%|
|3 Month Change||-13.39%|
|1 Year Change||-55.00%|
|3 Year Change||43.57%|
|5 Year Change||52.14%|
|Change since IPO||136.57%|
Recent News & Updates
Shuttestock has a new Chief Technology Officer
Shutterstock (NYSE:SSTK) appoints more than 20 years of global leadership, product and technology experienced Sejal Amin as the Chief Technology Officer (CTO), effective September 12, 2022. Most recently, she was Chief Product and Technology Officer for Khoros, a Vista Portfolio company.
At US$57.88, Is Shutterstock, Inc. (NYSE:SSTK) Worth Looking At Closely?
Shutterstock, Inc. ( NYSE:SSTK ), is not the largest company out there, but it saw a decent share price growth in the...
Shutterstock: Valuable Internet Content Service; Near-Term Cap-Gain Investment
Summary Shutterstock is not like other internet content, intended to appear that way. But institutional investors recognize the differences. 110% of Shutterstock’s float is held by 337 institutions. What may they know that you may not? Today’s capital gained at a 142% annual rate. 31 times in the last 5 years. They know how to own more than 100% of it, and they know where and when to move on to better-investing prospects at proper times. But you should learn how they view this one first. Investment Thesis Knowing when and which stocks to own, actively and selectively, provides a continuing series of net capital gain opportunities delivering wealth accumulation or spendable income at rates which are multiples of what market-index ETFs offer. You can know what winning institutions know about capital-building stock situations by listening to what the markets tell as capital is being invested. Because today's markets pay active investors for being in the right places at the right times. They feed off the indolence of passive-strategy investing buy and holders who frequently pass-up timely points of profitable position liquidation. Increased information technology, communication capabilities, and rapidly evolving competitive practices make this century's investing markets far more opportune with pricing activity than the 20th century offered. But an active investment strategy requires reasonably-accurate forecasts of what to expect. Fortunately, the conditions creating the "hazards" feared by the buy and holders are what provide the needed forecasts. The markets themselves, in their interactions, define what the best-informed professional practitioners see as coming-price limits. In both directions. Instead of forecasts by analysts of what may be hoped for as price/earnings targets to be sought, the markets define ranges within which prices are reasonably being expected. Ranges which warn of currently un-maintainable excesses, and of price depressions unlikely to present buying bargains for long. But if this is not a suitable practice for your situation, continue to ignore it. We are pleased to have your persistent support, rather than competition which might erode our wealth-building competitive productivity. Risk and Reward Balances Among Internet Content Competitors Let's look at an "Opportunity Set" of comparable companies ranging from most to least attractive to consider in one particular area of activity today - the Internet as a means of getting things done. Our best-buy bet is Shutterstock, Inc. (SSTK). Here in Figure 1 is how the markets currently appraise their Reward-Risk trade-offs. Figure 1 blockdesk.com (used with permission) Upside price rewards are from the behavioral analysis (of what system transactions require to be done, not of emotional investor errors) by Market-Makers (MMs) as they protect their at-risk capital from possible damaging future price moves. Their potential reward forecasts are measured by the green horizontal scale. The risk dimension is of actual price drawdowns at their most extreme point while being held in previous pursuit of upside rewards similar to the ones currently being seen. They are measured on the red vertical scale. Both scales are of percent change from zero to 25%. Any stock or ETF whose present risk exposure exceeds its reward prospect will be above the dotted diagonal line. Capital-gain attractive to-buy issues are in the directions down and to the right. Our principal interest is in SSTK at location . A "market index" norm of reward~risk tradeoffs is offered by SPY at . Most appealing by this Figure 1 view is SSTK. Description of Subject Company "Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which are used in visual communications, footage services, including video clips, filmed by industry experts and cinema-grade video effects; and music services which are used to complement images and footage. It serves corporate professionals and organizations, media and broadcast companies, and small and medium-sized businesses, and individual creators. The company was founded in 2003 and is headquartered in New York, New York." Source: Yahoo Finance Yahoo Finance These growth estimates have been made by and are collected from Wall Street analysts to suggest what conventional methodology currently produces. The typical variations across forecast horizons of different time periods illustrate the difficulty of making value comparisons when the forecast horizon is not clearly defined. The Figure 1 map provides a good visual comparison of the two most important aspects of every equity investment in the short term. There are other aspects of comparison which this map sometimes does not communicate well, particularly when general market perspectives like those of SPY are involved. Where questions of "how likely' are present other comparative tables, like Figure 2, may be useful. Figure 2 blockdesk.com (used with permission) Why Do All This Math? Figure 2's purpose is to attempt universally comparable answers, stock by stock, of a) How BIG the prospective price gain payoff may be, b) how LIKELY the payoff will be a profitable experience, c) how SOON it may happen, and d) what price drawdown RISK may be encountered during its active holding period. Readers familiar with our analysis methods after a quick examination of Figure 2 may wish to skip to the next section viewing price range forecast trends for SSTK. Column headers for Figure 2 define investment-choice preference elements for each row stock whose symbol appears at the left in column [A]. The elements are derived or calculated separately for each stock, based on the specifics of its situation and current-day MM price-range forecasts. Data in red numerals are negative, usually undesirable to "long" holding positions. Table cells with yellow fills are of data for the stocks of principal interest and of all issues at the ranking column, [R]. The price-range forecast limits of columns [B] and [C] get defined by MM hedging actions to protect firm capital required to be put at risk of price changes from volume trade orders placed by big-$ "institutional" clients. [E] measures potential upside risks for MM short positions created to fill such orders, and reward potentials for the buy-side positions so created. Prior forecasts like the present provide a history of relevant price draw-down risks for buyers. The most severe ones actually encountered are in [F], during holding periods in an effort to reach [E] gains. Those are where buyers are emotionally most likely to accept losses. The Range Index [G] tells where today's price lies relative to the MM community's forecast of upper and lower limits of coming prices. Its numeric is the percentage proportion of the full low to high forecast seen below the current market price. [H] tells what proportion of the [L] sample of prior like-balance forecasts have earned gains by either having price reach its [B] target or be above its [D] entry cost at the end of a 3-month max-patience holding period limit. [ I ] gives the net gains-losses of those [L] experiences. What makes SSTK most attractive in the group at this point in time is its ability to produce capital gains most consistently at its present operating balance between share price risk and reward at the Range Index [G]. At a RI of zero, today's price is at the bottom of its forecast range, with price expectations all to the upside. Not our expectations, but those of Market-Makers acting in support of Institutional Investment organization clients building the values of their typical multi-billion-$ portfolios. Credibility of the [E] upside prospect as achieved previously at today's RI in the [I] payoff at +16% is shown in [N]. Further Reward~Risk tradeoffs involve using the [H] odds for gains with the 100 - H loss odds as weights for N-conditioned [E] and for [F], for a combined-return score [Q]. The typical position holding period [J] on [Q] provides a figure of merit [fom] ranking measure [R] useful in portfolio position preferencing. Figure 2 is row-ranked on [R] among alternative candidate securities, with SSTK in top rank. One important notion from this analysis is that much of internet content, despite its appealing presence and enthusiastic presentation provides little revenue-generating investment opportunity. Hot spots may get intense, but they are relatively few and are likely to vacillate through time. Along with the candidate-specific stocks these selection considerations are provided for the averages of some 3,300 stocks for which MM price-range forecasts are available today, and 20 of the best-ranked (by fom) of those forecasts, as well as the forecast for S&P500 Index ETF as an equity-market proxy. Current-market index SPY is only moderately competitive as an investment alternative. Its Range Index of 34 indicates some two-thirds of its forecast range is to the upside while only a bit more than three-quarters of previous SPY forecasts at this range index produced profitable outcomes.
Are Investors Undervaluing Shutterstock, Inc. (NYSE:SSTK) By 37%?
How far off is Shutterstock, Inc. ( NYSE:SSTK ) from its intrinsic value? Using the most recent financial data, we'll...
|SSTK||US Interactive Media and Services||US Market|
Return vs Industry: SSTK underperformed the US Interactive Media and Services industry which returned -42.6% over the past year.
Return vs Market: SSTK underperformed the US Market which returned -23.2% over the past year.
|SSTK Average Weekly Movement||6.6%|
|Interactive Media and Services Industry Average Movement||8.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: SSTK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SSTK's weekly volatility (7%) has been stable over the past year.
About the Company
Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions 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 images and footage. The company provides its services under the Shutterstock, Bigstock, Offset, TurboSquid,PremiumBeat brand names, as well as Application programming interface to enhance workflow and project management needs, and search capabilities.
Shutterstock Fundamentals Summary
|SSTK fundamental statistics|
Is SSTK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SSTK income statement (TTM)|
|Cost of Revenue||US$294.54m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.19|
|Net Profit Margin||9.79%|
How did SSTK perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is SSTK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SSTK?
Other financial metrics that can be useful for relative valuation.
|What is SSTK's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SSTK's PE Ratio compare to its peers?
|SSTK PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
GETY Getty Images Holdings
Price-To-Earnings vs Peers: SSTK is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (37.6x).
Price to Earnings Ratio vs Industry
How does SSTK's PE Ratio compare vs other companies in the US Interactive Media and Services Industry?
Price-To-Earnings vs Industry: SSTK is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the US Interactive Media and Services industry average (22.9x)
Price to Earnings Ratio vs Fair Ratio
What is SSTK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||23.3x|
|Fair PE Ratio||22.2x|
Price-To-Earnings vs Fair Ratio: SSTK is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).
Share Price vs Fair Value
What is the Fair Price of SSTK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SSTK ($50.17) is trading below our estimate of fair value ($127.81)
Significantly Below Fair Value: SSTK is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
Discover undervalued companies
How is Shutterstock forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSTK's forecast earnings growth (21.9% per year) is above the savings rate (1.9%).
Earnings vs Market: SSTK's earnings (21.9% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: SSTK's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SSTK's revenue (7.7% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: SSTK's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SSTK's Return on Equity is forecast to be high in 3 years time (21.9%)
Discover growth companies
How has Shutterstock performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSTK has high quality earnings.
Growing Profit Margin: SSTK's current net profit margins (9.8%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: SSTK's earnings have grown significantly by 28.7% per year over the past 5 years.
Accelerating Growth: SSTK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SSTK had negative earnings growth (-26.5%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (18.6%).
Return on Equity
High ROE: SSTK's Return on Equity (18.4%) is considered low.
Discover strong past performing companies
How is Shutterstock's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SSTK's short term assets ($163.3M) do not cover its short term liabilities ($368.0M).
Long Term Liabilities: SSTK's short term assets ($163.3M) exceed its long term liabilities ($51.5M).
Debt to Equity History and Analysis
Debt Level: SSTK has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SSTK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SSTK's debt is well covered by operating cash flow (337.5%).
Interest Coverage: SSTK's interest payments on its debt are well covered by EBIT (1422.9x coverage).
Discover healthy companies
What is Shutterstock current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Shutterstock Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Interactive Media and Services)||4.4%|
|Analyst forecast in 3 Years (Shutterstock)||2.0%|
Notable Dividend: SSTK's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: SSTK's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SSTK has been paying a dividend for less than 10 years.
Growing Dividend: SSTK's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.5%), SSTK's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.9%), SSTK's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Hennessy (57 yo)
Mr. Paul J. Hennessy serves as Chief Executive Officer at Shutterstock, Inc. since May 2022 and serves as its Director since May 2022. He served as Chief Executive Officer of Vroom, Inc. since June 8, 2016...
Experienced Management: SSTK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: SSTK's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|10 Jun 22||BuyUS$564,700||Paul Hennessy||Individual||10,000||US$56.47|
|09 Mar 22||SellUS$138,238||Steven Ciardiello||Individual||1,557||US$88.79|
|05 Nov 21||SellUS$312,101||Thomas Evans||Individual||2,570||US$121.44|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Shutterstock, Inc.'s employee growth, exchange listings and data sources
- Name: Shutterstock, Inc.
- Ticker: SSTK
- Exchange: NYSE
- Founded: 2003
- Industry: Interactive Media and Services
- Sector: Media
- Implied Market Cap: US$1.843b
- Shares outstanding: 35.97m
- Website: https://www.shutterstock.com
Number of Employees
- Shutterstock, Inc.
- Empire State Building
- 21st Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SSTK||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2012|
|S3T||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Oct 2012|
|S3T||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2012|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.