Shutterstock (SSTK) is shifting focus toward AI data licensing and currently yields over 6%. The stock has dropped about 30% year-to-date and trades at a forward P/E of 6.87x, which is significantly lower than the sector average. Q3 2025 revenue increased to $260.1 million, though net income slipped due to higher costs. Adjusted EBITDA improved to $79.4 million, suggesting cash flow remains solid despite the earnings dip. The company is positioning itself to supply specialized datasets for training AI models rather than just selling stock photos. Analysts currently have a consensus Hold rating with an average price target of $27.57, implying around 30% upside. The setup looks like a potential value play given the low valuation and high yield, but the market remains cautious about the transition.