Shares of Shutterstock Inc. (NYSE:SSTK) traded today at $108.96, eclipsing its 52-week high. Approximately 74,000 shares have changed hands today, as compared to an average 30-day volume of 238,000 shares.
Shutterstock Inc. (NYSE:SSTK) is currently priced 27.2% above its average consensus analyst price target of $78.80.
In the past 52 weeks, Shutterstock Inc. share prices are bracketed by a low of $39.35 and a high of $108.96 and is now at $108.20, 175% above that low price.
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, contributes almost all of 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 is derived from the company’s shutterstock.com website. The company’s customers include businesses, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company’s revenue.
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