Getty Images Holdings, Inc. (NYSE:GETY) Receives $3.78 Consensus PT from Analysts

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $3.7833.

A number of research firms recently issued reports on GETY. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings downgraded Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research note on Tuesday, May 12th. Finally, Citigroup decreased their price target on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd.

Insider Buying and Selling at Getty Images

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider directly owned 488,862 shares in the company, valued at $386,200.98. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Grant Farhall sold 42,022 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $32,777.16. Following the completion of the transaction, the insider owned 288,190 shares of the company’s stock, valued at approximately $224,788.20. This represents a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 429,663 shares of company stock worth $335,518 over the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC acquired a new stake in shares of Getty Images in the second quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after buying an additional 5,089 shares during the last quarter. Certuity LLC acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $33,000. Founders Financial Securities LLC acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $35,000. Finally, Savant Capital LLC acquired a new stake in shares of Getty Images in the third quarter valued at approximately $40,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Stock Down 3.9%

NYSE:GETY opened at $0.76 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $316.73 million, a PE ratio of -2.91 and a beta of 2.03. Getty Images has a 52-week low of $0.67 and a 52-week high of $3.21. The stock has a 50-day simple moving average of $0.88 and a 200 day simple moving average of $1.07.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm 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%. On average, sell-side analysts expect that Getty Images will post -0.03 EPS for the current fiscal year.

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.