Shutterstock Share Price Forecast September 2021 – Time to Buy SSTK Stock?

In financial markets, there are shares whose performance surprises every individual as it proceeds to outperform the market against all expectations. Tech company Shutterstock is such an opportunity. The New York-based global provider of stock photos has been exhibiting above-average growth for several months now. In this piece, we will ascertain based on technical and fundamental analysis whether SSTK is a good buy for investors or not.

Shutterstock Inc – Technical Analysis

Shutterstock Inc was founded in 2003 and its platform has been providing content, tools, and various other services to its clients mostly located in North America, Europe, and other regions. Shutterstock is famous for its image services and a wide range of collections that includes vectors, illustrations, and photographs. Since the pandemic, the increasing demand for creative content has positively influenced the company’s shares.

At the moment, the company’s total market capitalisation is at £3 billion with a P/E ratio of 39.76 and dividend yield of 0.73%. Shutterstock’s enterprise value is around £2.3 billion and its total assets worth is close to £795 million, according to their financial statement.

The technical factors surrounding Shutterstock shares are also way too promising these days which has put SSTK in a strong buy zone for quite a while in the market. Many investors who follow technical analysis guided by dozens of technical indicators have started to enter SSTK in this situation. Whether you consider the moving averages or oscillators, most reliable ones like MACD (4.85), SMA (107.9), RSI (63.16), and EMA (109) are creating a buzz for Shutterstock shares. The well-timed uptrend of SSTK has a lot of experts hooked on to what is going to be the next turn of events for this particular tech company.

67% of all retail investor accounts lose money when trading CFDs with this provider.

Recent Developments

In July, Shutterstock delivered second-quarter 2021 earnings in which the company beat expert estimates regarding the Q2 earnings and revenue. We can see hints of the next multi-bagger in the key trends exhibited by SSTK these days which interprets to a profitable return on capital employed for all interested investors.

The Q2 earnings results showed shareholders that the company is perfectly capable of reinvesting its earnings back into the business and get higher returns. The cash flow growth of SSTK is another reason for buying this share because the market has seen an uptick in its average cash flow since August. Investors are recommended to bear in mind that cash flow growth also reflects a company’s historical performance. The annual cash flow growth rate for SSTK in the past year has been 23.3%.

Shutterstock recently launched a new brand campaign and TV commercial that displays the platform’s full potential and ability to unlock the creativity inside every user. The commercial was co-produced by the studio owned by Shutterstock.

Should You Buy SSTK Shares?

Shutterstock’s positive trends are guiding it to be one of the top gainers of the online retail industry with a 25% gain in returns on capital over the course of 5 years. This translates to the fact that the company has been earning more per capital invested in it including 80% more capital employed. The increasing amount of capital is enough to impress a lot of investors.

The overall performance and growth proven by several metrics tell investors that Shutterstock has been a high-quality share for quite some time. Its current positive trend is a plus for people who have yet to include this potentially profitable market opportunity into their diversified portfolio.

Buy SSTK Stock at eToro for just $50 Now!