Well that's certainly good news if it is accurate.
@@@@@Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating and $92.00 price target on Shutterstock, Inc. (NYSE: SSTK). In the report, Wunderlich Securities noted, "Shutterstock, Inc. (SSTK) shares have risen almost 12% in the past two trading days and we believe the stronger competitive position of the company is being weighted more than the fear of market share losses to Getty Images or an integrated Adobe-Fotolia (ADBE-NR). Getty's CEO stepped down on Friday after the company reported sales in its midstock segment, where it primarily competes with Shutterstock, had declined 17% y/y in Q4. We view the potential for elevated competition from a combined Adobe (ADBE-NR) and Fotolia to be more difficult than presumed for Adobe. Shutterstock also reiterated its long-term financial targets of $1 billion+ in sales and 30%+ in EBITDA margins at its recent Investor Day and should be able to post longer term 20%+ y/y revenue growth."
Anything is possible I guess. But current quarter revealed an 38% increase in assists with a 40% increase in liabilities, while missing slightly on revs. Does that support a nearly 20% increase in the companies market cap? 2.5 billion for a company that makes 440 million a year? I wouldn't think so, but this stock is so gamed its scary.
You would get out to preserve your capital. This is going to take out its 52 week in a mater of days. And if the market catches down to the bond market it could get cut in half
No you don't see any better positioned speculative investments or no you don't invest in such companies? This stock forms part of my holdings allocated to high-risk high-reward type investments. I have a diversified portfolio and my overall exposure to such stocks is quite low.
I see no reason to get out unless their growth metrics degrade significantly and for a sustained period. I don't care too much about shorter-term price action. If the firm continues to deliver to the level of their past performance I will take advantage of any large price declines.
You asked "Just curious...do you see any better alternatives with similar metrics?"
I replied, I dont. Personally I don't like it or any like it.
Why would you get out? Its 9 dollars below your entry point of 65.
I don't care much for the music side of this business, but I do like the push into the editorial media space with the Rex buy.
Busy day... SSTK announced two separate acquisitions for a total of ~$65M today
@@@@LONDON and NEW YORK, Jan. 15, 2015 /PRNewswire/ -- Shutterstock, Inc. (SSTK), a leading global provider of commercial digital imagery and music, has entered into a definitive agreement to acquire Rex Features, the largest independently owned photographic press agency in Europe."The acquisition of Rex Features marks our substantive entry into editorial imagery — a new market for Shutterstock with significant potential and many opportunities to better serve global media companies," said Jon Oringer, Shutterstock founder and CEO.
@@@@NEW YORK and MONTREAL, Jan. 15, 2015 /PRNewswire/ -- Shutterstock, Inc. (SSTK), a leading global provider of commercial digital imagery and music, has entered into a definitive agreement to acquire PremiumBeat, a leading provider of exclusive, high-quality music and sound effects for use in videos, films, television, apps, games, and other creative projects. PremiumBeat will help to accelerate this mission. PremiumBeat works with leading composers to offer a high-quality library of exclusive music to the world's best businesses, including advertising and media agencies, as well as Fortune 500 companies.