Getty Images (NYSE:GETY) PT Lowered to $3.50

Getty Images (NYSE:GETY) had its price target reduced by research analysts at Macquarie from $4.00 to $3.50 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Macquarie’s target price suggests a potential upside of 9.72% from the company’s current price.

A number of other research firms have also weighed in on GETY. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Monday, May 6th. Benchmark reduced their price objective on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.66.

Getty Images Stock Up 4.9 %

Shares of NYSE GETY opened at $3.19 on Monday. The firm’s 50-day moving average price is $3.48 and its 200-day moving average price is $3.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 53.17 and a beta of 2.05. Getty Images has a 12-month low of $2.88 and a 12-month high of $7.35.

Getty Images (NYSE:GETY) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $229.14 million for the quarter, compared to analysts’ expectations of $228.42 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Getty Images will post 0.13 EPS for the current fiscal year.

Insider Transactions at Getty Images

In other news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares in the company, valued at $797,002.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares in the company, valued at $797,002.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Daine Marc Weston sold 10,227 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $33,033.21. Following the transaction, the vice president now owns 89,622 shares in the company, valued at $289,479.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,378 shares of company stock valued at $262,851. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GETY. Renaissance Technologies LLC purchased a new position in shares of Getty Images during the second quarter worth $91,000. Dimensional Fund Advisors LP increased its holdings in Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after buying an additional 7,267 shares in the last quarter. Rhumbline Advisers purchased a new position in Getty Images in the second quarter valued at $392,000. CIBC Asset Management Inc purchased a new position in Getty Images in the second quarter valued at $36,000. Finally, Spartan Fund Management Inc. purchased a new position in Getty Images in the second quarter valued at $33,000. Hedge funds and other institutional investors 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.