Getty Images (NYSE:GETY) Upgraded to “Hold” at Zacks Research

Getty Images (NYSE:GETY) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities analysts have also weighed in on the company. Benchmark reissued a “hold” rating on shares of Getty Images in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Getty Images in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Getty Images in a research report on Friday, September 11th. They set an “underweight” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Getty Images presently has an average rating of “Reduce” and a consensus price target of $3.92.

Getty Images Stock Up 1.0%

GETY stock opened at $0.23 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.67. The firm has a 50-day moving average of $0.37 and a two-hundred day moving average of $0.68. Getty Images has a 12 month low of $0.21 and a 12 month high of $3.21. The company has a market cap of $95.82 million, a price-to-earnings ratio of -0.59 and a beta of 2.07.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, August 10th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $229.10 million for the quarter, compared to analyst estimates of $235.23 million. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%. As a group, analysts forecast that Getty Images will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Cho Mikael sold 59,604 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $0.94, for a total value of $56,027.76. Following the transaction, the senior vice president directly owned 121,650 shares in the company, valued at approximately $114,351. This represents a 32.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 95,255 shares of company stock valued at $90,443 in the last 90 days. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of hedge funds have recently modified their holdings of GETY. Engineers Gate Manager LP raised its holdings in Getty Images by 77.7% in the 2nd quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock valued at $184,000 after buying an additional 93,422 shares during the period. Weiss Asset Management LP increased its position in shares of Getty Images by 318.5% during the first quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock valued at $685,000 after acquiring an additional 656,790 shares during the last quarter. Callodine Capital Management LP raised its stake in shares of Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock valued at $476,000 after acquiring an additional 100,000 shares during the period. Alpine Global Management LLC acquired a new position in shares of Getty Images in the 4th quarter worth approximately $98,000. Finally, Ionic Capital Management LLC purchased a new position in shares of Getty Images during the 4th quarter worth approximately $248,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Images

Getty Images Holdings, Inc is a visual content company that provides stock photography, illustrations, video, music and other digital media for commercial and editorial use. Its content is used by businesses, advertising agencies, media organizations, publishers and creative professionals for marketing, communications, news and entertainment projects.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Getty Images offers premium creative and editorial content, while iStock provides licensed visual assets aimed at a broad range of businesses and creators.