Stock Rating Upgrade
The Value Trend Rating for Shutterstock Inc (NYSE: SSTK) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Shutterstock Inc (NYSE: SSTK) stock declined by -3.4% on 11/8/24. The shares closed at $33.03. However, trading volume in this decline was below average at 67% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 2.9% during the last week.
Current PriceTarget Research Rating
SSTK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Shutterstock has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Shutterstock has a good Appreciation Score of 71 but a poor Power Rating of 27, leading to the Neutral Value Trend Rating.
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