Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $6.08.

Several equities research analysts have commented on GETY shares. Benchmark cut their target price on Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Monday, May 6th. Finally, Citigroup boosted their target price on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 15th.

Getty Images Stock Down 6.8 %

Shares of GETY stock opened at $3.03 on Wednesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 50.50 and a beta of 2.09. Getty Images has a 12-month low of $3.03 and a 12-month high of $7.35. The firm has a fifty day moving average of $3.70 and a 200-day moving average of $4.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $222.28 million for the quarter, compared to the consensus estimate of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. As a group, equities research analysts predict that Getty Images will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Getty Images

In other news, Director Chinh Chu sold 88,573 shares of Getty Images stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.11, for a total transaction of $364,035.03. Following the completion of the transaction, the director now directly owns 8,608,225 shares in the company, valued at approximately $35,379,804.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 175,054 shares of company stock worth $711,978. Insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of GETY. Corton Capital Inc. boosted its holdings in Getty Images by 49.3% in the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after purchasing an additional 5,571 shares during the period. EULAV Asset Management boosted its stake in shares of Getty Images by 37.5% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after buying an additional 150,000 shares during the period. Vanguard Group Inc. acquired a new stake in Getty Images during the third quarter worth approximately $52,554,000. Victory Capital Management Inc. increased its stake in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares during the period. Finally, Kessler Investment Group LLC acquired a new position in Getty Images in the 1st quarter valued at $89,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.