Getty Images (NYSE:GETY – Get Free Report)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a note issued to investors on Tuesday,Benzinga reports. They presently have a $7.00 price target on the stock.
A number of other research analysts also recently weighed in on GETY. Zacks Research downgraded Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Citigroup cut their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Getty Images has an average rating of “Reduce” and an average price target of $3.78.
Read Our Latest Stock Report on GETY
Getty Images Stock Down 3.8%
Getty Images (NYSE:GETY – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $226.57 million during the quarter, compared to the consensus estimate of $238.90 million. Equities research analysts forecast that Getty Images will post -0.02 EPS for the current fiscal year.
Insider Activity at Getty Images
In related news, CEO Craig Warren Peters sold 167,403 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $130,574.34. Following the sale, the chief executive officer owned 1,289,548 shares of the company’s stock, valued at $1,005,847.44. The trade was a 11.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Grant Farhall sold 42,022 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $32,777.16. Following the completion of the sale, the insider directly owned 288,190 shares in the company, valued at approximately $224,788.20. This represents a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 391,563 shares of company stock worth $305,419 in the last three months. 12.50% of the stock is owned by insiders.
Institutional Trading of Getty Images
Several institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new stake in Getty Images in the 4th quarter valued at $98,000. Invesco Ltd. boosted its stake in Getty Images by 39.2% in the 4th quarter. Invesco Ltd. now owns 251,944 shares of the company’s stock valued at $338,000 after buying an additional 70,935 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Getty Images in the 4th quarter valued at $3,071,000. Millennium Management LLC boosted its stake in 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 buying an additional 943,567 shares in the last quarter. Finally, Ionic Capital Management LLC acquired a new stake in Getty Images in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 45.75% of the company’s stock.
About Getty Images
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.
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