ShutterstockSSTK
Market Cap: $1.2B
About: Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market.
Employees: 1,274
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more call options, than puts
Call options by funds: $30.7M | Put options by funds: $20.9M
37% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 73
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
2.23% less ownership
Funds ownership: 89.96% [Q1] → 87.73% (-2.23%) [Q2]
4% less funds holding
Funds holding: 231 [Q1] → 221 (-10) [Q2]
17% less capital invested
Capital invested by funds: $1.47B [Q1] → $1.22B (-$249M) [Q2]
26% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 39
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Needham Bernie McTernan 50% 1-year accuracy 59 / 117 met price target | 62%upside $55 | Buy Maintained | 7 Aug 2024 |
Needham Bernie McTernan 50% 1-year accuracy 59 / 117 met price target | 92%upside $65 | Buy Reiterated | 6 Aug 2024 |
Morgan Stanley Brian Nowak 64% 1-year accuracy 18 / 28 met price target | 71%upside $58 | Equal-Weight Maintained | 23 Jul 2024 |