Assess Shutterstock's (SSTK) dependence on international income to gain insights into the company's financial health, growth potential, and possible stock price trends.
This Industry Outlook article has pointed out RELX, Genius Sports, and Shutterstock.
Companies in the Zacks Internet - Content industry, such as RELX, GENI, and SSTK, are gaining advantages from their growing mobile, digital, and cloud services, even in tough global economic times.
Shutterstock (SSTK) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.72 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 30.4% in Shutterstock (SSTK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Visual content developers and entertainment and media investors were elated when Shutterstock NYSE: SSTK and Getty Images NYSE: GETY announced that they were merging. This $3.7 billion deal will combine two of the biggest names in stock photography, video, and music, creating a behemoth strategically poised to dominate the rapidly evolving digital media market.
Getty Images' US$3.7 billion tie-up with Shutterstock Inc (NYSE:SSTK) has fetched backing from Wedbush analysts, despite uncertainties around how much the former will pay. Wedbush reiterated an ‘outperform' rating and US$7.70 share price target for Getty in a note following Tuesday's news of the merger.
Former Gamestop executive to join leadership team as head of Marketplace division NEW YORK , Jan. 8, 2025 /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 Matt Furlong will be joining Shutterstock to lead the company's Marketplace division as Chief Marketplace Officer on Monday, January 13. In this position and as part of the Shutterstock executive leadership team, Matt will have a key role in shaping the overall strategy, operations and growth of the Marketplace division, which houses the company's individual user products and solutions across various ecommerce platforms.
Getty shareholders will own about 54.7% of the combined company, which will retain the Getty name. Shares of both companies surged on the news.
Seattle's Getty Images is acquiring Shutterstock to create a business worth approximately $3.