Getty Images (NYSE:GETY) Earns Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of Getty Images (NYSE:GETY) in a report issued on Friday,Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

A number of other research firms also recently weighed in on GETY. JPMorgan Chase & Co. reissued 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 Tuesday, January 7th. Finally, Macquarie restated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Price Performance

Shares of GETY stock opened at $2.63 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93. Getty Images has a 12 month low of $2.06 and a 12 month high of $5.77. 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 stock has a 50-day moving average price of $2.84 and a 200 day moving average price of $3.33.

Insiders Place Their Bets

In related news, CEO Craig Warren Peters sold 32,753 shares of the business’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 value of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after acquiring an additional 7,267 shares during the last quarter. FMR LLC raised its holdings in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares during the last quarter. Intech Investment Management LLC acquired a new position in Getty Images during the third quarter worth $44,000. Aigen Investment Management LP bought a new position in Getty Images in the third quarter valued at $48,000. Finally, Principal Financial Group Inc. bought a new position in Getty Images in the second quarter valued at $44,000. 45.75% of the stock is 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.