Shares of Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report) have been assigned an average rating of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.92.
A number of research firms have weighed in on GETY. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. Benchmark reaffirmed a “hold” rating on shares of Getty Images in a research note on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on Getty Images in a research note on Friday, September 11th. They set an “underweight” rating on the stock. Finally, Zacks Research upgraded shares of Getty Images to a “hold” rating in a report on Tuesday, September 15th.
Check Out Our Latest Research Report on Getty Images
Institutional Trading of Getty Images
Several institutional investors have recently modified their holdings of GETY. Engineers Gate Manager LP boosted its position in shares of Getty Images by 77.7% during the 2nd quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock worth $184,000 after acquiring an additional 93,422 shares in the last quarter. Weiss Asset Management LP raised its holdings in shares of Getty Images by 318.5% in the first quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after buying an additional 656,790 shares during the period. Finally, Callodine Capital Management LP boosted its stake in shares of Getty Images by 20.0% in the first quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock worth $476,000 after buying an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.
Getty Images Price Performance
Shares of GETY stock opened at $0.02 on Friday. 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 market capitalization of $8.01 million, a P/E ratio of -0.05 and a beta of 2.21. Getty Images has a 1 year low of $0.00 and a 1 year high of $3.21. The firm’s fifty day moving average price is $0.11 and its two-hundred day moving average price is $0.62.
Getty Images (NYSE:GETY – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share for the quarter. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%. The company had revenue of $229.10 million during the quarter, compared to analysts’ expectations of $235.23 million. On average, equities analysts predict that Getty Images will post -0.15 EPS for the current fiscal year.
About Getty Images
Getty Images Holdings, Inc is a visual communications company that provides licensed photography, video, music and other digital media to businesses, media organizations, advertising agencies and creative professionals. Its content is used in marketing campaigns, news coverage, entertainment, corporate communications and other commercial and editorial applications.
The company operates through the Getty Images and iStock brands. Getty Images offers premium and editorial content, including news, sports, entertainment and archival imagery, while iStock provides royalty-free stock photographs, illustrations, video and other creative assets.
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