Brokerages Set Getty Images Holdings, Inc. (NYSE:GETY) Price Target at $6.35

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.35.

A number of brokerages have recently weighed in on GETY. Benchmark raised their price objective on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Friday, March 15th. Finally, Citigroup raised their price objective on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th.

Insider Activity at Getty Images

In other Getty Images news, CAO Chris Hoel sold 32,663 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total value of $163,315.00. Following the completion of the transaction, the chief accounting officer now owns 53,626 shares in the company, valued at $268,130. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Chris Hoel sold 32,663 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total transaction of $163,315.00. Following the completion of the sale, the chief accounting officer now owns 53,626 shares of the company’s stock, valued at $268,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chinh Chu sold 10,121 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $4.00, for a total transaction of $40,484.00. Following the sale, the director now directly owns 8,540,019 shares of the company’s stock, valued at approximately $34,160,076. The disclosure for this sale can be found here. Insiders sold 1,214,837 shares of company stock worth $5,429,103 over the last three months. Company insiders own 13.00% of the company’s stock.

Institutional Trading of Getty Images

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Getty Images by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 8,131,734 shares of the company’s stock worth $42,692,000 after buying an additional 34,013 shares in the last quarter. Northern Trust Corp grew its position in shares of Getty Images by 9.6% in the 4th quarter. Northern Trust Corp now owns 81,696 shares of the company’s stock valued at $429,000 after buying an additional 7,152 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Getty Images by 22.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,954 shares of the company’s stock valued at $126,000 after buying an additional 4,321 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Getty Images in the 4th quarter valued at $80,000. Finally, Charles Schwab Investment Management Inc. grew its position in Getty Images by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 236,908 shares of the company’s stock worth $1,244,000 after purchasing an additional 19,311 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Stock Performance

GETY stock opened at $3.93 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of 98.25 and a beta of 2.12. Getty Images has a 12-month low of $3.65 and a 12-month high of $8.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.05. The stock’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.80.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The firm had revenue of $225.94 million during the quarter, compared to analyst estimates of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. As a group, research analysts forecast that Getty Images will post 0.06 earnings per share for the current fiscal year.

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.