Getty Images Holdings, Inc. (NYSE:GETY) Receives $4.03 Consensus Target Price from Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has received an average rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $4.0250.

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. Wall Street Zen raised shares of Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th. Finally, Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a report on Friday, October 31st.

Getty Images Trading Up 6.6%

NYSE GETY opened at $1.53 on Monday. Getty Images has a one year low of $1.25 and a one year high of $3.87. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $634.19 million, a P/E ratio of -6.93 and a beta of 2.05. The stock’s 50-day moving average is $1.82 and its 200-day moving average is $1.82.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $240.04 million during the quarter, compared to analysts’ expectations of $239.98 million. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.Getty Images’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) EPS. Sell-side analysts anticipate that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total transaction of $66,888.50. Following the completion of the transaction, the chief executive officer owned 1,246,736 shares of the company’s stock, valued at $2,530,874.08. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cho Mikael sold 25,555 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total transaction of $53,921.05. Following the completion of the sale, the senior vice president directly owned 131,348 shares in the company, valued at approximately $277,144.28. This represents a 16.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,751,077 shares of company stock worth $8,448,686. Corporate insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Getty Images in the third quarter valued at about $25,000. Catalyst Funds Management Pty Ltd bought a new position in Getty Images in the second quarter valued at approximately $30,000. Cerity Partners LLC acquired a new position in shares of Getty Images during the 2nd quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Getty Images by 47.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Getty Images during the 3rd quarter worth approximately $40,000. 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.