SSTK

Shutterstock Inc

TMT, Consumer


Presented:05/26/2015
Price:$62.48
Cap:N/A
Current Price:$31.20
Cap:$1.11B

Presented

Date05/26/2015
Price$62.48
Market CapN/A
Ent Value$2.24B
P/E Ratio109.61x
Book Value$7.31
Div YieldN/A
Shares O/S35.82M
Ave Daily Vol316,307
Short Int12.80%

Current

Price$31.20
Market Cap$1.11B
Shutterstock, Inc. is an innovative technology company. It operates an industry global marketplace for commercial digital imagery. The company's Commercial digital imagery consists of licensed photographs, illustrations and videos that companies use in their visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications and video content. Its online marketplace provides a freely searchable library of commercial digital images that users can pay to license, download and incorporate into their work. Shutterstock was founded by Jonathan Oringer in 2003 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Shutterstock Inc. (SSTK) and Adobe (ADBE).

Highlights

Shutterstock provides access to stock photography used primarily in marketing campaigns via either a subscription fee paid on a monthly basis, or on a per image or video basis. The company has EBITDA margins in the low 20s and is growing at around 30% annually. The bull case on the stock is that the growth rate will likely hold up for several years and that EBITDA margins should eventually move into the high 20s or low 30s, but the presenter is less constructive on the company’s prospects given a material developing shift in competitive dynamics. 

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Idea Discussion

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