Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Recommendation of “Hold” from Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.35.

A number of equities analysts have commented on GETY shares. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a report on Tuesday, May 6th. Wall Street Zen downgraded Getty Images from a “buy” rating to a “sell” rating in a research note on Thursday, May 22nd. Citigroup reaffirmed a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research note on Monday, March 24th. Finally, Benchmark dropped their target price on shares of Getty Images from $4.50 to $3.50 and set a “buy” rating for the company in a report on Tuesday, May 13th.

Insider Activity at Getty Images

In related news, CTO Nathaniel Gandert sold 15,859 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $33,621.08. Following the completion of the sale, the chief technology officer now owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the transaction, the chief financial officer now directly owns 278,072 shares in the company, valued at $589,512.64. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 226,668 shares of company stock valued at $480,536. 12.30% of the stock is currently owned by insiders.

Institutional Trading of Getty Images

Several institutional investors have recently made changes to their positions in GETY. BNP Paribas Financial Markets purchased a new position in Getty Images in the fourth quarter worth approximately $27,000. Aristeia Capital L.L.C. acquired a new position in shares of Getty Images in the 4th quarter valued at $28,000. Ameriprise Financial Inc. purchased a new position in shares of Getty Images during the 4th quarter worth $28,000. HHM Wealth Advisors LLC acquired a new stake in shares of Getty Images during the 1st quarter worth about $29,000. Finally, Virtu Financial LLC purchased a new stake in Getty Images in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Price Performance

Shares of NYSE GETY opened at $1.76 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day moving average of $1.78 and a 200 day moving average of $2.29. The firm has a market cap of $725.55 million, a PE ratio of 14.63 and a beta of 1.98. Getty Images has a one year low of $1.25 and a one year high of $4.49.

Getty Images (NYSE:GETY) last released its earnings results on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). The company had revenue of $224.08 million for the quarter, compared to analysts’ expectations of $236.01 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. As a group, research analysts predict that Getty Images will post 0.08 EPS for the current fiscal year.

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.