Benchmark Lowers Getty Images (NYSE:GETY) Price Target to $4.50

Getty Images (NYSE:GETY) had its price objective cut by Benchmark from $6.00 to $4.50 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

GETY has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. Finally, Macquarie restated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.24.

Getty Images Price Performance

GETY stock opened at $2.21 on Tuesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images has a one year low of $1.90 and a one year high of $5.00. The stock has a market cap of $906.42 million, a PE ratio of 18.38 and a beta of 1.97. The firm has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $2.98.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jennifer Leyden sold 12,342 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares in the company, 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. Insiders sold 70,521 shares of company stock worth $155,146 in the last three months. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Koch Inc. purchased a new position in Getty Images during the 4th quarter valued at $183,865,000. Vanguard Group Inc. increased its position in Getty Images by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after purchasing an additional 698,829 shares during the period. Geode Capital Management LLC increased its position in Getty Images by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock valued at $3,620,000 after purchasing an additional 11,680 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Getty Images in the 4th quarter worth about $3,553,000. Finally, State Street Corp grew its position in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.