Getty Images Holdings, Inc. (NYSE:GETY) Receives $3.92 Consensus Price Target from Analysts

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.9250.

A number of brokerages have commented on GETY. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. Benchmark reiterated a “hold” rating on shares of Getty Images in a report on Tuesday, August 11th. Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research note on Tuesday, May 12th. Finally, Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

Getty Images Stock Down 10.4%

NYSE:GETY opened at $0.28 on Friday. The company has a market cap of $116.03 million, a price-to-earnings ratio of -0.71 and a beta of 2.11. Getty Images has a twelve month low of $0.27 and a twelve month high of $3.21. 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 stock has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $0.80.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.21) EPS 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.

Insider Buying and Selling at Getty Images

In other news, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction on 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 owned 488,862 shares in the company, valued at approximately $386,200.98. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Cho Mikael sold 33,143 shares of Getty Images stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $31,154.42. Following the completion of the sale, the senior vice president owned 162,904 shares of the company’s stock, valued at $153,129.76. The trade was a 16.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 133,355 shares of company stock valued at $120,542 over the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Getty Images by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after purchasing an additional 6,856 shares during the period. Alliancebernstein L.P. lifted its position in shares of Getty Images by 12.4% in the 3rd quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock worth $159,000 after purchasing an additional 8,900 shares during the period. Intech Investment Management LLC boosted its stake in shares of Getty Images by 14.7% during the fourth quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after purchasing an additional 9,173 shares in the last quarter. Polymer Capital Management US LLC boosted its stake in shares of Getty Images by 7.9% during the third quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after purchasing an additional 10,007 shares in the last quarter. Finally, BNP Paribas Financial Markets increased 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 buying an additional 11,066 shares during the period. 45.75% of the stock is currently owned by institutional investors.

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.