Shutterstock Files to Offer Common Stock to Public

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Shutterstock ($NYSE:SSTK), the world’s largest digital marketplace for licensed imagery, has announced its plan to offer shares of its common stock to the public. In addition to its product offerings, Shutterstock has a strong base of over 1 million contributors who are responsible for the content that it provides. This offering will enable the company to expand its reach and increase the breadth and depth of its offerings. The offering is expected to provide Shutterstock with additional capital to pursue strategic initiatives, including investments in product and technology development, marketing and sales activities, and general working capital. It will also allow the company to reward its contributors, shareholders, and employees through stock-based compensation programs.

Finally, it will allow the public to share in the company’s success by allowing them to become shareholders. This is an exciting opportunity for shareholders, investors, and customers alike to become part of the Shutterstock story. With its expanding presence in the digital media marketplace, Shutterstock is well-positioned to capitalize on future growth opportunities.

Market Price

On Thursday, SHUTTERSTOCK announced that it will offer its common stock to the public, with its stock opening at $48.1 and closing at $49.4, up by 3.8% from its previous closing price of 47.5. The move comes as the company looks to expand its presence in the stock market and increase its liquidity. The company intends to use the proceeds from the offering for general corporate purposes, including potential strategic acquisitions and investments in new offerings or technologies. SHUTTERSTOCK also plans to offer a dividend to shareholders in the future. This is a major step for the company as it looks to increase its visibility in the stock market and expand its investor base.

Overall, SHUTTERSTOCK’s announcement of its offering of common stock to the public marks an important milestone for the company. The offering is expected to increase its liquidity, and potentially open up new opportunities for expansion and growth. We look forward to seeing how SHUTTERSTOCK will use this new influx of capital to improve its products and services. Shutterstock_Files_to_Offer_Common_Stock_to_Public”>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

As GoodWhale, we conducted an analysis of SHUTTERSTOCK’s fundamentals and based on the Star Chart, we concluded that SHUTTERSTOCK is classified as a “gorilla” company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors who may be interested in such a company include those who are looking for long-term growth opportunities, as well as those seeking dividends and a strong return on their investments. In addition, SHUTTERSTOCK holds a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is capable of paying off its debt and funding future operations. Although it is weak in asset, SHUTTERSTOCK is strong in dividend, growth, and profitability. All of these factors make SHUTTERSTOCK a strong candidate for investors who are looking for a long-term investment with potential for high returns. Shutterstock_Files_to_Offer_Common_Stock_to_Public”>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 is one of the most popular digital marketplaces for stock photos, videos, and illustrations. Investing in Shutterstock is an attractive option for those looking to diversify their portfolio with a well-established, innovative company. Over the past few years, the stock price of Shutterstock has been on an upward trend, with a significant increase within the past year. Investors should be cautious in considering the stock, however, as any changes in the stock market or economy can cause its price to swing drastically.

Analysts have expressed optimism about Shutterstock’s future, citing their strong customer base, high revenue growth forecasts, and ability to produce high-quality content. With the right research and analysis, investors can make an informed decision about Shutterstock’s stock and potential investment opportunities.