Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Rating of “Hold” from Analysts

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.7833.

Several research firms have recently weighed in on GETY. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research report on Tuesday, May 12th.

Insider Activity

In other news, insider Michael Teaster sold 38,100 shares of Getty Images stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the sale, the insider directly owned 488,862 shares in the company, valued at $386,200.98. This trade represents a 7.23% 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. 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 business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $0.94, for a total transaction of $31,154.42. Following the completion of the sale, the senior vice president directly owned 162,904 shares in the company, valued at approximately $153,129.76. This represents a 16.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 133,355 shares of company stock worth $120,542 in the last three months. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GETY. Cerity Partners LLC acquired a new position in Getty Images during the second quarter valued at approximately $32,000. Certuity LLC acquired a new position in Getty Images during the fourth quarter worth $33,000. Founders Financial Securities LLC bought a new stake in Getty Images during the fourth quarter worth $35,000. BNP Paribas Financial Markets raised its position in Getty Images by 103.2% during the third 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. Finally, Creative Planning acquired a new stake in Getty Images in the second quarter valued at $75,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Trading Up 17.4%

NYSE GETY opened at $0.90 on Friday. The firm has a market cap of $378.74 million, a P/E ratio of -3.48 and a beta of 2.06. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $0.87 and its 200-day moving average is $0.98. Getty Images has a one year low of $0.58 and a one year high of $3.21.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. The business had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. Sell-side analysts anticipate that Getty Images will post -0.03 earnings per share for the current fiscal year.

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.