Citigroup Reiterates Neutral Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a $2.45 price target on the stock. Citigroup’s price target would suggest a potential upside of 19.51% from the company’s current price.

A number of other brokerages have also weighed in on GETY. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. Macquarie reissued a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. Finally, Benchmark lowered their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.60.

Getty Images Trading Down 6.8 %

Shares of GETY opened at $2.05 on Monday. The business’s 50-day moving average price is $2.40 and its 200-day moving average price is $2.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images has a twelve month low of $1.90 and a twelve month high of $4.49. The stock has a market cap of $845.76 million, a PE ratio of 17.08 and a beta of 1.97.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. The firm’s revenue was up 9.5% on a year-over-year basis. On average, equities analysts forecast that Getty Images will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently made changes to their positions in GETY. Intech Investment Management LLC bought a new position in shares of Getty Images during the 3rd quarter valued at $44,000. BNP Paribas Financial Markets bought a new position in shares of Getty Images during the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. bought a new position in shares of Getty Images during the fourth quarter valued at about $28,000. Ameriprise Financial Inc. purchased a new position in shares of Getty Images in the fourth quarter worth about $28,000. Finally, Virtu Financial LLC bought a new stake in shares of Getty Images in the 4th quarter valued at about $33,000. 45.75% of the stock is currently owned by institutional investors.

About Getty Images

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.