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

Getty Images Holdings, Inc. (NYSE:GETY) has been given a consensus rating of “Reduce” by the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.92.

A number of equities analysts have recently issued reports on GETY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. JPMorgan Chase & Co. started coverage on Getty Images in a research note on Friday, September 11th. They issued an “underweight” rating on the stock. Zacks Research raised Getty Images to a “hold” rating in a report on Tuesday, September 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Getty Images in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP grew its stake 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 purchasing an additional 93,422 shares during the period. Weiss Asset Management LP increased its holdings in shares of Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock valued at $685,000 after purchasing an additional 656,790 shares in the last quarter. Finally, Callodine Capital Management LP increased its holdings in shares of Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock valued at $476,000 after purchasing an additional 100,000 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Stock Performance

NYSE GETY opened at $0.02 on Friday. The stock 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 52-week low of $0.00 and a 52-week high of $3.21. The firm has a 50-day moving average price of $0.14 and a 200 day moving average price of $0.65. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.67.

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