Wedbush Reaffirms Outperform Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued on Thursday,RTT News reports. They currently have a $7.70 target price on the stock. Wedbush’s target price would suggest a potential upside of 278.19% from the stock’s current price.

A number of other research firms have also weighed in on GETY. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Friday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Macquarie reissued a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Performance

NYSE GETY opened at $2.04 on Thursday. The firm has a market cap of $836.95 million, a price-to-earnings ratio of 16.97 and a beta of 1.97. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The business has a 50-day moving average price of $2.47 and a 200-day moving average price of $3.02. Getty Images has a twelve month low of $1.90 and a twelve month high of $5.65.

Insider Activity at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares in the company, valued at $574,274.80. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,521 shares of company stock valued at $155,146. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. purchased a new stake in Getty Images during the fourth quarter valued at approximately $183,865,000. Vanguard Group Inc. raised its holdings in shares of Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after buying an additional 698,829 shares during the period. Geode Capital Management LLC raised its holdings in shares of Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock worth $3,620,000 after buying an additional 11,680 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Getty Images in the fourth quarter worth approximately $3,553,000. Finally, State Street Corp raised its holdings in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the period. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.