Wedbush Reaffirms Outperform Rating for Getty Images (NYSE:GETY)

Wedbush reissued their outperform rating on shares of Getty Images (NYSE:GETY) in a research note published on Monday, RTT News reports. The brokerage currently has a $7.70 price target on the stock.

A number of other equities research analysts have also commented on the stock. Benchmark upped their price target on shares of Getty Images from $7.00 to $8.00 and gave the company a buy rating in a report on Friday, March 15th. Citigroup upped their price objective on shares of Getty Images from $5.50 to $6.00 and gave the company a buy rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $6.41.

Getty Images Price Performance

Shares of NYSE:GETY opened at $3.78 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.54 billion, a PE ratio of 94.50 and a beta of 2.13. The company’s fifty day moving average is $4.26 and its 200 day moving average is $4.56. Getty Images has a 52 week low of $3.65 and a 52 week high of $7.35.

Getty Images (NYSE:GETY) last issued its earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. Research analysts anticipate that Getty Images will post 0.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Chris Hoel sold 32,663 shares of Getty Images stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total transaction of $163,315.00. Following the sale, the chief accounting officer now owns 53,626 shares of the company’s stock, valued at approximately $268,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Chinh Chu sold 10,121 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $4.00, for a total value of $40,484.00. Following the sale, the director now directly owns 8,540,019 shares of the company’s stock, valued at $34,160,076. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Chris Hoel sold 32,663 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total value of $163,315.00. Following the transaction, the chief accounting officer now directly owns 53,626 shares of the company’s stock, valued at approximately $268,130. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,276,490 shares of company stock worth $5,677,587. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in Getty Images in the third quarter worth about $26,000. Kessler Investment Group LLC bought a new stake in shares of Getty Images in the 1st quarter worth approximately $89,000. Fifth Lane Capital LP purchased a new stake in shares of Getty Images in the 1st quarter worth approximately $104,000. Corton Capital Inc. increased its position in Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after buying an additional 5,571 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Getty Images by 20.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after buying an additional 4,281 shares during the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

About Getty Images

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.