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Needham Reaffirms Their Buy Rating on Shutterstock (SSTK)

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In a report released today, Bernie McTernan from Needham maintained a Buy rating on Shutterstock (SSTKResearch Report), with a price target of $145.00. The company’s shares closed last Wednesday at $93.34.

According to TipRanks.com, McTernan has 0 stars on 0-5 stars ranking scale with an average return of -6.4% and a 38.2% success rate. McTernan covers the Technology sector, focusing on stocks such as Genius Sports Limited, Fiverr International, and Sportradar Group AG.

Shutterstock has an analyst consensus of Moderate Buy, with a price target consensus of $145.00.

See today’s best-performing stocks on TipRanks >>

Shutterstock’s market cap is currently $3.44B and has a P/E ratio of 34.46.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Shutterstock, Inc. engages in the operation of marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand’s needs. It operates through the Content Business and Other Category segments. The Content segment consists of Bigstock, Music, and Editorial. The Other Category segment comprises of webdam. The company was founded by Jonathan Oringer in 2003 and is headquartered in New York, NY.

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