Getty Images Holdings, Inc. (NYSE:GETY) Stock Has Average Target Price of $3.92

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have earned an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $3.92.

GETY has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Getty Images in a report on Friday, August 7th. Zacks Research raised Getty Images to a “hold” rating in a report on Tuesday, September 15th. Benchmark reissued a “hold” rating on shares of Getty Images in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. began coverage on shares of Getty Images in a research report on Friday, September 11th. They issued an “underweight” rating on the stock.

Getty Images Trading Down 60.5%

Getty Images stock opened at $0.02 on Tuesday. The stock has a market cap of $7.84 million, a P/E ratio of -0.05 and a beta of 2.21. Getty Images has a fifty-two week low of $0.01 and a fifty-two week high of $3.21. The firm’s fifty day moving average price is $0.23 and its 200-day moving average price is $0.59. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.78 and a current ratio of 0.78.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $229.10 million during the quarter, compared to analysts’ expectations of $235.23 million. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%. Equities research analysts forecast that Getty Images will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently bought and sold shares of GETY. Engineers Gate Manager LP raised 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 valued at $184,000 after buying an additional 93,422 shares in the last quarter. Weiss Asset Management LP lifted its holdings in shares of Getty Images by 318.5% during the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after acquiring an additional 656,790 shares during the last quarter. Callodine Capital Management LP lifted its holdings in shares of Getty Images by 20.0% during the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock worth $476,000 after acquiring an additional 100,000 shares during the last quarter. Alpine Global Management LLC purchased a new position in Getty Images in the fourth quarter worth $98,000. Finally, Ionic Capital Management LLC purchased a new position in Getty Images in the fourth quarter worth $248,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

About Getty Images

Getty Images Holdings, Inc is a global visual communications company that provides licensed photography, video, music and other visual content to businesses, media organizations, advertising agencies and consumers. Its content is used for editorial, commercial, advertising, entertainment and creative applications.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Its offerings include royalty-free and rights-managed creative content, editorial photographs and video, archival collections, custom visual content services, and tools that help customers search for, license and use visual assets.