Getty Images’ (GETY) “Neutral” Rating Reaffirmed at Citigroup

Getty Images (NYSE:GETY)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $2.45 target price on the stock. Citigroup’s price objective points to a potential upside of 10.61% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Wedbush reissued an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Benchmark lowered their price objective on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Macquarie restated a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus price target of $4.60.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $2.22 on Monday. The business’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.96. Getty Images has a 1 year low of $1.90 and a 1 year high of $4.49. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $913.84 million, a PE ratio of 18.46 and a beta of 1.97.

Getty Images (NYSE:GETY) last released its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its position in Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after acquiring an additional 4,359 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after purchasing an additional 4,826 shares in the last quarter. FMR LLC grew its holdings in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. ProShare Advisors LLC increased its stake in Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after buying an additional 9,297 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Getty Images by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock worth $101,000 after buying an additional 9,434 shares in the last quarter. Institutional investors and hedge funds 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.