Shutterstock Stock Fair Value – 2023: Despite Its Small Size, Shutterstock, Leads NYSE Gainers – Is It Too Late To Buy In?
March 29, 2023
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Despite its small size, Shutterstock ($NYSE:SSTK), Inc. has proven to be one of the top gainers on the New York Stock Exchange (NYSE) in 2023. This makes it an attractive stock for investors, as the company has achieved impressive gains despite not being one of the biggest names in its sector. The answer is not necessarily. Although Shutterstock, Inc. has already experienced significant growth, there is still plenty of room for further gains. Its stock has been steadily rising over the past year and its outlook continues to look strong.
The company has also announced its plans to expand into new markets in the near future, which could result in additional profits. With the potential for further growth, now may be the perfect time to take advantage of these gains and purchase stock. Investors should research the company in order to determine whether investing in Shutterstock is a smart move or not.
Share Price
It has been an exciting week for Shutterstock, Inc. (SSTK) on the NYSE, as the stock opened at $74.0 on Monday and closed at $74.4, up by 3.5% from its previous closing price of $71.9. This means that despite its relatively small size, Shutterstock has managed to outperform its peers and become one of the top NYSE gainers. On the other hand, if the stock’s momentum is unsustainable and the price begins to drop, then investors must decide whether they want to take the risk or not. Overall, while Shutterstock has seen impressive growth this week, it is ultimately up to investors to determine if they want to buy in now or wait and see how the stock performs in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Shutterstock. More…
| Total Revenues | Net Income | Net Margin |
| 827.83 | 76.1 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Shutterstock. More…
| Operations | Investing | Financing |
| 158.45 | -275.55 | -79.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Shutterstock. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 881.18 | 433.7 | 12.49 |
Key Ratios Snapshot
Some of the financial key ratios for Shutterstock are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | 77.3% | 11.2% |
| FCF Margin | ROE | ROA |
| 11.9% | 13.2% | 6.6% |
Analysis – Shutterstock Stock Fair Value
At GoodWhale, we conducted an analysis of SHUTTERSTOCK‘s wellbeing. Through our proprietary Valuation Line, we determined that the fair value of its shares was around $82.7. However, SHUTTERSTOCK’s stock is currently trading at $74.4, which is undervalued by 10.1%. This presents an opportunity for investors to consider taking advantage of this price difference. More…
Peers
With over 225 million royalty-free images in its collection, Shutterstock adds hundreds of thousands of images each week, and serves over 1.5 million customers in 150 countries. Its competitors include Hypebeast Ltd, Visual China Group Co Ltd, Yangaroo Inc.
– Hypebeast Ltd ($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, Inc. has made waves in the stock market, with its share price moving up significantly on the New York Stock Exchange (NYSE). Despite its small size when compared to other companies on the exchange, Shutterstock has been able to outperform the competition. Investors may be wondering if it is too late to buy in. From an investing perspective, Shutterstock is a great opportunity for those looking for growth and stability.
Its strong financial record, strong market positioning and innovative product line make it an attractive stock choice. Furthermore, its strong customer base and solid customer service could mean increasing sales and profits. It is important to analyze the company’s financials and risks involved before making any investments.
