Getty Images (NYSE:GETY) Rating Increased to Hold at Zacks Research

Getty Images (NYSE:GETY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Wedbush restated an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Getty Images presently has an average rating of “Hold” and an average target price of $3.78.

Getty Images Stock Performance

NYSE:GETY opened at $0.47 on Tuesday. The firm has a market capitalization of $196.49 million, a PE ratio of -1.80 and a beta of 2.11. The stock’s fifty day moving average is $0.71 and its 200 day moving average is $0.85. Getty Images has a fifty-two week low of $0.36 and a fifty-two week high of $3.21. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. On average, sell-side analysts anticipate that Getty Images will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael Teaster sold 38,100 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the transaction, the insider owned 488,862 shares of the company’s stock, valued at $386,200.98. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Cho Mikael sold 59,604 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $0.94, for a total value of $56,027.76. Following the transaction, the senior vice president owned 121,650 shares in the company, valued at $114,351. The trade was a 32.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 133,355 shares of company stock worth $120,542. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC purchased a new position in shares of Getty Images during the second quarter valued at $32,000. BNP Paribas Financial Markets grew its holdings in Getty Images by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock worth $43,000 after acquiring an additional 11,066 shares in the last quarter. Certuity LLC bought a new position in Getty Images during the 4th quarter worth about $33,000. Founders Financial Securities LLC purchased a new position in Getty Images during the 4th quarter valued at about $35,000. Finally, Creative Planning bought a new stake in shares of Getty Images in the 2nd quarter valued at about $75,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.