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

Getty Images Holdings, Inc. (NYSE:GETY) has received a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings 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 12 month target price among brokers that have issued ratings on the stock in the last year is $3.9250.

Several research firms have commented on GETY. Wedbush restated an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a report on Tuesday, May 12th. Benchmark reaffirmed a “hold” rating on shares of Getty Images in a research report on Tuesday, August 11th. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Getty Images in a research report on Friday, August 7th.

Getty Images Price Performance

Getty Images stock opened at $0.26 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $111.11 million, a price-to-earnings ratio of -0.68 and a beta of 2.11. The firm has a 50-day moving average of $0.59 and a two-hundred day moving average of $0.77. Getty Images has a 1 year low of $0.26 and a 1 year high of $3.21.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%.The company had revenue of $229.10 million for the quarter, compared to analysts’ expectations of $235.23 million.

Insider Transactions at Getty Images

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $0.79, for a total transaction of $30,099.00. Following the transaction, the insider owned 488,862 shares of the company’s stock, valued at approximately $386,200.98. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated Monday, June 29th. The shares were 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 owned 162,904 shares of the company’s stock, valued at approximately $153,129.76. This represents a 16.91% decrease in their position. 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. Over the last ninety days, insiders sold 133,355 shares of company stock valued at $120,542. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently bought and sold shares of the business. Koch Inc. lifted its holdings in Getty Images by 42.8% during the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after buying an additional 34,525,639 shares during the period. Readystate Asset Management LP bought a new stake in Getty Images during the 4th quarter valued at $3,071,000. Millennium Management LLC increased its holdings in shares of Getty Images by 160.7% in the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after acquiring an additional 943,567 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after acquiring an additional 742,008 shares during the period. Finally, Weiss Asset Management LP raised its position in shares of Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after acquiring an additional 656,790 shares in the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.