Shutterstock (NYSE:SSTK)

CAPS Rating: 3 out of 5

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Member Avatar cabincruser (85.81) Submitted: 3/12/2015 4:41:19 PM : Outperform Start Price: $56.62 SSTK Score: +25.81

Expanding internationally , many paths to success , invested management.

In last months conference call, Jonathan Oringer - Founder, Chairman and Chief Executive Officer said:

....."We have expanded from a single office in New York City to a dozen offices across the US and Europe in recent years. We opened an office in Amsterdam last year,....Now with four major creative centers in Europe. Amsterdam, Berlin, London and Paris - we believe we are well-positioned to support a region where we are seeing strong growth across all of our product lines.

In addition to increasing our global penetration we continue to invest in emerging content types that expand our addressable market. Specifically video, music, and editorial content......

Given our early success we doubled down on this area last month through our acquisition of PremiumBeat leading provider of the exclusive high quality music and sound effects for use in videos, films, television, apps, games and other creative projects. We believe PremiumBeat will accelerate our mission to make licensable music accessible to every creator."

Cantor Fitzgerald Analysts led by Youssef Squali noted that "management not only highlighted the significantly expanded addressable opportunity ahead, but also laid down a path to $1B+ in revenue, with meaningful margin expansion at scale."

On the Shutterstock website you can sign up to be a contributor:
http://submit.shutterstock.com/?language=en&pl=LOHPCTA-CTA&cr=LOHPCTA

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Member Avatar AlwaysKnowBetter (93.21) Submitted: 3/10/2015 5:44:12 PM : Underperform Start Price: $57.19 SSTK Score: -21.66

Ripping of contributors with super low prices...this market is far oversaturated and CEO stopped thinking longterm. P/E of 100 at this level is ridiculous...Target sub 20s

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Member Avatar TMFDeej (99.47) Submitted: 12/12/2014 2:55:50 PM : Outperform Start Price: $62.61 SSTK Score: +9.46

This is a bet that the 14% drop in Shutterstock because Adobe bought a privately-held competitor and is entering the digital photo rights segment is an overreaction.

Jason

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Member Avatar TMFInnovator (75.97) Submitted: 12/12/2014 12:42:10 PM : Outperform Start Price: $62.61 SSTK Score: +9.46

- Global digital ad spend is on a tear, set to increase from $140b this year to nearly $200b by 2017.
http://www.emarketer.com/Article/Global-Ad-Spending-Growth-Double-This-Year/1010997

- As small businesses embrace online advertising, they'll further increase the demand for stock photos/video.

- Shutterstock's platform pays based on volume downloaded, which significantly reduces content costs. The average price of an image downloaded was $2.35 earlier this year, compared to $500-$1,000 for larger competitors like Getty.
http://newsletters.fool.com/1008/coverage/issues/2014/04/24/andys-recommendation.aspx

- Huge insider ownership. The CEO owns nearly half of shares outstanding.

Shutterstock is a disruptor in a market that is growing quickly. The right solution in the right place at the right time. Outperform.

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Member Avatar TMFSpiffyPop (99.55) Submitted: 5/27/2014 1:05:39 PM : Outperform Start Price: $72.50 SSTK Score: -11.47

M'man Dave Meier says yes going forward on this one at RB Stock Talk today. A digital rights platform in a digital world.... Having fun: Outperform.

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Member Avatar ColoradoRight (< 20) Submitted: 4/4/2014 9:55:51 PM : Outperform Start Price: $59.77 SSTK Score: +13.91

Shutterstock is a recent IPO that came out with good quarterly numbers for quite some time and I think the stock got rather ahead of itself (was over $100 in February) and is not down below its 50 day moving average in the 60's.

I believe that its business model is the reason that it will be able to outperform the market in the next 2-4 years. This is a company that asks anyone in the public sphere to submit their photos (and soon videos) to then possibly be resold. So the company is not paying money for the creation of content - it is a distribution hub for content that others create and give to them.

The company pays a small amount to contributors, and then it markets all the content to essentially the world. By classifying the images and what they represent, it allows anyone looking for specific kinds of images to find them quickly and buy the use of those images much more cheaply than the other main competitor in this market - Getty, Inc (which bought up tons of images and sells them for nosebleed level prices).

And their video service will work on the same model. So they don't have to pay anything for the content until it is sold, and that is where they take their cut, pay the providers, and cover their expenses. This allows them to have huge reach for very little up front cost in having content available.

I don't believe there are any other players in this market who are implementing this strategy, and as we have seen with other companies who used this model, it is very disruptive to the established companies. The producers of content pay their creation costs themselves, and the sellers have a huge market with much better prices than they have today. And Shutterstock lives between the two

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Member Avatar TMFTailwind (89.14) Submitted: 3/26/2014 5:39:11 PM : Outperform Start Price: $75.58 SSTK Score: -19.13

Very profitable, cash-rich, virtually no debt, and an incredibly well-aligned management team (founder/CEO owns 45% of shares outstanding). A strong network effect creates a moat around its profitable business. Expanding into adjacent business lines should provide more profitable growth. It's not at all cheap, but it's much cheaper than it was a few weeks ago. Long-term green thumb.

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Member Avatar TMFMuse (97.36) Submitted: 12/5/2013 1:23:53 PM : Outperform Start Price: $73.59 SSTK Score: -20.13

With the launch of Offset.com, SSTK is poised to disrupt the high-end stock photo industry in a way that makes both photographers and agencies very happy.

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Member Avatar 2amStocks (67.18) Submitted: 12/3/2013 4:26:53 PM : Outperform Start Price: $69.85 SSTK Score: -15.09

Shutterstock has been growing tenaciously since it's IPO, and still maintaining net profits in the ~15% range. They have tons of cash to reinvest in sales and marketing and grow their market share. With a library in the tens of millions of clips, they have a good niche carved out for B2B customers who want variety.

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Member Avatar kevp951 (22.72) Submitted: 11/26/2013 2:12:13 PM : Underperform Start Price: $73.65 SSTK Score: +19.02

Unsustainable due to the competition in this industry, over supply of images and lowering of prices by all competitors.

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Member Avatar TMFHumbleServant (97.97) Submitted: 7/2/2013 12:49:59 PM : Outperform Start Price: $56.79 SSTK Score: -4.40

Shutterstock has built a strong digital media platform that is attracting lots of attention. And they have been putting up some impressive results recently.

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