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

Getty Images Holdings, Inc. (NYSE:GETYGet Free Report) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.7833.

A number of research firms recently commented on GETY. Weiss Ratings lowered shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup lowered their price target on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th.

Check Out Our Latest Stock Analysis on Getty Images

Insider Buying and Selling

In related news, CEO Craig Warren Peters sold 167,403 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $130,574.34. Following the transaction, the chief executive officer directly owned 1,289,548 shares of the company’s stock, valued at approximately $1,005,847.44. This trade represents a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the transaction, the insider directly owned 488,862 shares in the company, valued at approximately $386,200.98. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 429,663 shares of company stock valued at $335,518. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently bought and sold shares of the company. Koch Inc. increased its holdings in Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after buying an additional 34,525,639 shares during the period. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 742,008 shares during the period. Readystate Asset Management LP bought a new position in Getty Images in the 4th quarter valued at about $3,071,000. Geode Capital Management LLC increased its holdings in Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after buying an additional 228,532 shares during the period. Finally, Millennium Management LLC increased its holdings 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 during the period. 45.75% of the stock is owned by institutional investors.

Getty Images Stock Performance

NYSE GETY opened at $0.76 on Monday. The firm has a 50-day moving average of $0.88 and a 200-day moving average of $1.07. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $316.73 million, a PE ratio of -2.91 and a beta of 2.03. Getty Images has a 52-week low of $0.67 and a 52-week high of $3.21.

Getty Images (NYSE:GETYGet Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The company had revenue of $226.57 million for the quarter, compared to analyst estimates of $238.90 million. On average, sell-side analysts anticipate that Getty Images will post -0.03 EPS for the current year.

About Getty Images

(Get Free Report)

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.

Read More

Analyst Recommendations for Getty Images (NYSE:GETY)

Receive News & Ratings for Getty Images Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Images and related companies with MarketBeat.com's FREE daily email newsletter.