Shutterstock Stock Fair Value – Bank of Montreal Can Invests Heavily in Shutterstock with $317000 Position

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The Bank of Montreal has recently invested $317,000 in Shutterstock ($NYSE:SSTK), Inc., a global marketplace for digital imagery with millions of royalty-free photos, videos, illustrations, vectors, and music tracks. Shutterstock is the premier online marketplace for high-quality digital images and videos. Shutterstock also provides its customers with access to a range of tools and services to help them create the perfect creative projects. Its library is constantly growing and expanding, with new images added every day. Shutterstock is a leader in digital image rights management and licensing. Its platform allows customers to securely purchase and download royalty-free images, videos, music tracks, and other creative assets.

It also provides insight into the impact of images and videos on campaigns and marketing efforts. The Bank of Montreal’s investment in Shutterstock reflects its commitment to supporting the development of a vibrant digital marketplace for digital imagery. The investment supports Shutterstock’s mission to become the world’s best source of digital imagery and to enable creatives to make powerful visual statements with their work. With its global reach and expansive library of content, Shutterstock is well positioned to continue to grow and meet the needs of its customers around the world.

Market Price

The Bank of Montreal (BMO) has recently invested heavily in Shutterstock with a $317,000 position. On Tuesday, Shutterstock stock opened at $45.6 and closed at $44.9, down 2.0% from the prior day’s closing price of 45.8. This marks a slight decrease for Shutterstock, although the company remains a profitable investment for those who bought in earlier. BMO’s timely investment further bolsters Shutterstock’s financial stability and indicates that the stock could be trending upward in the near future. 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 Fair Value

At GoodWhale, we recently conducted an analysis of SHUTTERSTOCK‘s wellbeing. After carefully evaluating the company’s fundamentals, we have come to the conclusion that the intrinsic value of SHUTTERSTOCK share is around $84.2. This value was calculated using our proprietary Valuation Line. Currently, SHUTTERSTOCK stock is traded at $44.9, which is significantly lower than its actual value and, therefore, it can be considered undervalued by 46.7%. We believe this is a great opportunity for investors who are looking for attractive stocks with great potential for growth. 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

Investors have been increasingly drawn to Shutterstock, Inc., evidenced by the Bank of Montreal Can taking a $317,000 position in the company. Analysts have reacted positively to the stock, citing a strong balance sheet, diversified revenue stream, and a history of consistent growth. Shutterstock has seen its stock price rise steadily over the past several quarters, with analysts projecting further gains in the near future. The company’s success can be attributed to its collection of high-quality content, innovative technology solutions and comprehensive customer service.

In addition, Shutterstock has been successful in its international expansion, growing its presence in Europe and Asia. With more companies turning to digital content solutions for their marketing needs, Shutterstock is well-positioned to capitalize on this trend. This is an attractive long-term investment opportunity for those seeking growth in the digital content market.