Getty Images (NYSE:GETY) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of Getty Images (NYSE:GETY) in a research report sent to investors on Monday, RTT News reports. They currently have a $7.70 price objective on the stock.

A number of other research firms also recently weighed in on GETY. Benchmark raised their price target on Getty Images from $7.00 to $8.00 and gave the company a buy rating in a research report on Friday, March 15th. Citigroup boosted their target price on Getty Images from $5.50 to $6.00 and gave the stock a buy rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $6.35.

Getty Images Price Performance

Shares of GETY traded up $0.01 during trading hours on Monday, reaching $4.03. 3,410 shares of the company’s stock traded hands, compared to its average volume of 378,833. Getty Images has a 12 month low of $3.65 and a 12 month high of $7.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.65 billion, a PE ratio of 100.63 and a beta of 2.13. The firm’s 50 day simple moving average is $4.28 and its 200-day simple moving average is $4.57.

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

Insider Activity

In other Getty Images news, Director Chinh Chu sold 238,520 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $4.95, for a total value of $1,180,674.00. Following the transaction, the director now owns 9,598,182 shares in the company, valued at $47,511,000.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Chinh Chu sold 238,520 shares of Getty Images stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $4.95, for a total transaction of $1,180,674.00. Following the sale, the director now owns 9,598,182 shares of the company’s stock, valued at approximately $47,511,000.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Warren Peters sold 155,515 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.41, for a total transaction of $685,821.15. Following the completion of the transaction, the chief executive officer now directly owns 1,244,048 shares of the company’s stock, valued at $5,486,251.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,276,490 shares of company stock valued at $5,677,587. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently added to or reduced their stakes in GETY. Vanguard Group Inc. purchased a new stake in shares of Getty Images in the 3rd quarter worth approximately $52,554,000. Bank of New York Mellon Corp purchased a new position in shares of Getty Images in the 3rd quarter worth about $140,000. EULAV Asset Management boosted its stake in Getty Images by 37.5% in the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 150,000 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Getty Images during the 3rd quarter valued at about $136,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Getty Images during the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.