Getty Images Holdings, Inc. (NYSE:GETY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report) have received an average rating of “Reduce” from the five brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.7833.

Several research analysts recently weighed in on GETY shares. Zacks Research cut shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Wedbush reiterated an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th.

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Insiders Place Their Bets

In other Getty Images news, SVP Cho Mikael sold 33,143 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $0.94, for a total value of $31,154.42. Following the completion of the transaction, the senior vice president owned 162,904 shares in the company, valued at $153,129.76. This represents a 16.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the sale, the insider directly owned 488,862 shares of the company’s stock, valued at approximately $386,200.98. This represents a 7.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 133,355 shares of company stock worth $120,542 over the last quarter. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

Several hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new position in Getty Images in the second quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its holdings in Getty Images by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock valued at $43,000 after purchasing an additional 11,066 shares during the period. Certuity LLC purchased a new stake in Getty Images in the fourth quarter worth $33,000. Founders Financial Securities LLC purchased a new stake in Getty Images in the fourth quarter worth $35,000. Finally, Creative Planning purchased a new stake in Getty Images in the second quarter worth $75,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Down 5.0%

GETY stock opened at $0.42 on Tuesday. Getty Images has a twelve month low of $0.40 and a twelve month high of $3.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.13. The stock’s 50 day moving average is $0.80 and its 200-day moving average is $0.89. The firm has a market capitalization of $175.13 million, a PE ratio of -1.61 and a beta of 2.06.

Getty Images (NYSE:GETY – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%. Sell-side analysts expect that Getty Images will post -0.01 EPS for the current fiscal year.

Getty Images Company Profile

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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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