Getty Images Holdings, Inc. (NYSE:GETY) Receives $3.78 Average PT from Brokerages

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have received an average recommendation of “Reduce” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $3.7833.

Several equities analysts have recently issued reports on GETY shares. Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Weiss Ratings cut Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research report on Tuesday, May 12th.

Getty Images Stock Up 2.3%

Getty Images stock opened at $0.44 on Tuesday. Getty Images has a fifty-two week low of $0.42 and a fifty-two week high of $3.21. The stock has a market cap of $183.92 million, a PE ratio of -1.69 and a beta of 2.06. The firm’s 50-day simple moving average is $0.81 and its 200 day simple moving average is $0.90. 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 issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The firm had revenue of $226.57 million during the quarter, compared to the consensus estimate of $238.90 million. Research analysts predict that Getty Images will post -0.01 EPS for the current fiscal year.

Insider Activity

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the transaction, the insider directly owned 488,862 shares in the company, valued at $386,200.98. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 33,143 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $0.94, for a total transaction of $31,154.42. Following the transaction, the senior vice president directly owned 162,904 shares of the company’s stock, valued at $153,129.76. This represents a 16.91% 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. In the last ninety days, insiders sold 133,355 shares of company stock worth $120,542. Insiders own 12.50% of the company’s stock.

Institutional Trading of Getty Images

Large investors have recently bought and sold shares of the company. Weiss Asset Management LP raised its stake in shares of Getty Images by 318.5% in the first quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock valued at $685,000 after buying an additional 656,790 shares during the period. Callodine Capital Management LP grew its stake in shares of Getty Images by 20.0% during the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock worth $476,000 after acquiring an additional 100,000 shares during the period. Alpine Global Management LLC bought a new position in shares of Getty Images during the 4th quarter worth $98,000. Invesco Ltd. increased its holdings in Getty Images by 39.2% in the 4th quarter. Invesco Ltd. now owns 251,944 shares of the company’s stock worth $338,000 after acquiring an additional 70,935 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Getty Images in the 4th quarter worth about $3,071,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

About Getty Images

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.