Shares of Shutterstock Inc. (NYSE:SSTK) traded today at $107.45, eclipsing its 52-week high. So far today approximately 115,000 shares have been exchanged, as compared to an average 30-day volume of 225,000 shares.
Shutterstock Inc is a U.S.-based company that is primarily engaged in the provision of digital content. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, generates almost all the company’s revenue. Shutterstock’s digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company’s flagship brand, and the majority of the company’s sales are derived from the company’s shutterstock.com website. The firm’s customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company’s revenue.
Shutterstock Inc. (NYSE:SSTK) is currently priced 26.0% above its average consensus analyst price target of $77.62.
Over the past year, Shutterstock Inc. has traded in a range of $38.30 to $107.45 and is now at $104.83, 174% above that low.
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