(MENAFN- Investor Brand Network) Shutterstock Inc. (NYSE:SSTK) traded today at a new 52-week high of $119.10. This new high was reached on below average trading volume as 67,000 shares traded hands, while the average 30-day volume is approximately 189,000 shares.
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, generates almost all 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 are derived from the company’s shutterstock.com website. The firm’s customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company’s revenue.
In the past 52 weeks, shares of Shutterstock Inc. have traded between a low of $50.19 and a high of $119.10 and is now at $117.99, which is 135% above that low price.
Based on a current price of $117.99, Shutterstock Inc. is currently 32.4% above its average consensus analyst price target of $79.78.
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