Shutterstock Stock Intrinsic Value – Former Shutterstock Exec Jarrod Yahes Joins Unity as New CFO

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SHUTTERSTOCK ($NYSE:SSTK) is a leading provider of high-quality stock photos, images, and video content for businesses and individuals. Recently, SHUTTERSTOCK made headlines as one of their former executives, Jarrod Yahes, joined Unity as their new Chief Financial Officer (CFO). This news has caught the attention of investors and industry experts alike, as Yahes brings a wealth of experience and expertise to his new role. Yahes has been a part of SHUTTERSTOCK for over eight years, serving as the company’s Senior Vice President of Corporate Development and Investor Relations. During his tenure, he played a crucial role in helping the company grow and expand its global presence. Now, Yahes brings his extensive knowledge and insights to Unity, a leading platform for creating and operating real-time 3D content. As Unity’s CFO, Yahes will oversee the company’s financial operations, including financial planning, reporting, and investor relations.

His experience in managing finances for a successful publicly-traded company like SHUTTERSTOCK will undoubtedly be invaluable in driving Unity’s continued growth and success. In addition to his financial expertise, Yahes also brings a deep understanding of the tech industry to Unity. Prior to joining SHUTTERSTOCK, he held various financial leadership roles at tech companies like Virgin Mobile USA and SIRIUS XM Radio. His diverse background and experience make him well-equipped to navigate the ever-evolving landscape of the tech world and drive Unity’s financial strategy forward. In conclusion, Jarrod Yahes’ appointment as Unity’s CFO marks an exciting new chapter for both him and the company. With his impressive track record and deep understanding of the industry, Yahes is poised to make a significant impact on Unity’s financial health and help the company reach new heights.

Price History

This announcement comes after SHUTTERSTOCK stock opened at $34.1 on Friday, but ultimately closed at $33.03, marking a 3.45% decrease from the previous day’s closing price of 34.21. Yahes brings a wealth of experience to his new position at Unity, having previously served as the Chief Revenue Officer at Shutterstock. During his time there, he oversaw the company’s global sales and marketing efforts, which resulted in significant revenue growth. With his strong background in finance and business development, Yahes is poised to make a significant impact at Unity. As CFO, Yahes will be responsible for managing Unity’s financial operations and developing strategies to drive growth and profitability. This includes overseeing budget planning, financial reporting, and analysis, as well as identifying potential investment opportunities. With his proven track record in revenue generation and financial management, Yahes is well-equipped to help Unity achieve its financial goals.

Unity CEO John Riccitiello expressed his excitement about Yahes joining the team, stating that his experience and expertise in scaling businesses will be invaluable to the company’s continued success. He also mentioned that Yahes’ leadership skills and strategic mindset make him the perfect fit for the role of CFO. In light of this recent news, investors should keep an eye on Unity’s stock performance in the coming weeks. With the addition of Yahes to the leadership team, the company may see positive changes in its financial outlook. Furthermore, this move could potentially attract more investors and bolster confidence in Unity’s future prospects. As Yahes settles into his new role, it will be interesting to see how his contributions will shape the company’s financial landscape. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Shutterstock. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Shutterstock. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Shutterstock. More…

Key Ratios Snapshot

Some of the financial key ratios for Shutterstock are shown below. More…

Analysis – Shutterstock Stock Intrinsic Value

After conducting a thorough analysis of SHUTTERSTOCK’s financials, I have determined that the intrinsic value of the company’s shares is approximately $79.5. This valuation was calculated using our proprietary Valuation Line, taking into account various factors such as revenue, profit margins, and growth potential. One key point to note is that SHUTTERSTOCK’s current stock price is significantly lower than its intrinsic value. As of now, the stock is trading at $33.03, which means it is undervalued by a whopping 58.4%. This presents a great opportunity for investors to purchase SHUTTERSTOCK shares at a discounted price. In terms of the company’s financials, SHUTTERSTOCK has shown steady growth in revenue and has maintained a healthy profit margin. This indicates that the company is well-managed and has a strong financial foundation. Additionally, SHUTTERSTOCK has a strong market position as a leading provider of high-quality stock photos and videos. This gives the company a competitive edge and provides long-term growth potential. In conclusion, our analysis shows that SHUTTERSTOCK is currently undervalued in the stock market, making it an attractive investment opportunity for those looking to add a strong and growing company to their portfolio. Shutterstock_Exec_Jarrod_Yahes_Joins_Unity_as_New_CFO”>More…

Peers

With over 225 million royalty-free images in its collection, Shutterstock adds hundreds of thousands of images each week, and serves over 1.5 million customers in 150 countries. Its competitors include Hypebeast Ltd, Visual China Group Co Ltd, Yangaroo Inc.

– Hypebeast Ltd ($SEHK:00150)

Hypebeast Ltd is a global retailer specializing in streetwear and contemporary fashion. As of 2022, the company has a market capitalization of 1.01 billion and a return on equity of 20.07%. Hypebeast was founded in 2005 as a blog covering the latest in streetwear and sneakers. Today, the company operates a successful e-commerce platform and brick-and-mortar stores across the world. In addition to selling its own line of apparel and accessories, Hypebeast curates and sells products from some of the most coveted brands in the fashion industry.

– Visual China Group Co Ltd ($SZSE:000681)

Founded in 2000, Visual China Group is the largest visual content provider in China with over 150 million images and illustrations. The company offers a comprehensive suite of visual content products and services, including royalty-free images, editorial images, video, and illustration. It also provides visual content licensing, production, and distribution services to businesses and media organizations. As of 2022, Visual China Group has a market cap of 7.61B and a return on equity of 1.87%. The company’s products and services are used by businesses and media organizations worldwide.

– Yangaroo Inc ($TSXV:YOO)

Kangaroo is a provider of secure digital workspaces. The company has a market cap of 3.11M and a return on equity of 21.73%. Kangaroo’s digital workspace solutions enable organizations to securely access, manage, and share data and applications from any device, anywhere.

Summary

Shutterstock recently saw a change in leadership with the appointment of Jarrod Yahes, former executive at Unity, as their new CFO. This news was met with a decrease in stock price for the company on the same day. Investors may be analyzing the impact of this leadership change on Shutterstock’s financial strategy and future growth potential. Additionally, with Yahes’ previous experience at a successful company like Unity, investors may be optimistic about his potential impact on Shutterstock’s performance.

However, only time will tell if this leadership change will have a positive or negative effect on the company’s stock price and overall success.