Getty Images (NYSE:GETY) Given New $6.00 Price Target at Citigroup

Getty Images (NYSE:GETY) had its price objective raised by Citigroup from $5.50 to $6.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Getty Images Stock Performance

Shares of NYSE:GETY traded down $0.44 on Friday, hitting $4.73. The company’s stock had a trading volume of 1,000,503 shares, compared to its average volume of 300,739. Getty Images has a 12 month low of $3.42 and a 12 month high of $8.18. The stock’s 50-day moving average is $4.64 and its two-hundred day moving average is $5.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 118.25 and a beta of 2.15.

Getty Images (NYSE:GETY) last released its earnings results on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The firm had revenue of $225.94 million for the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.55%. On average, equities research analysts forecast that Getty Images will post 0.09 EPS for the current year.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 76,986 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $5.20, for a total value of $400,327.20. Following the sale, the chief executive officer now directly owns 1,220,169 shares in the company, valued at $6,344,878.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On Getty Images

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Getty Images in the 3rd quarter worth $26,000. Tower Research Capital LLC TRC acquired a new position in shares of Getty Images in the 3rd quarter valued at $28,000. UBS Group AG purchased a new position in Getty Images in the 1st quarter worth about $28,000. Lazard Asset Management LLC purchased a new position in Getty Images in the 2nd quarter worth about $41,000. Finally, State Street Corp acquired a new stake in Getty Images during the 3rd quarter worth about $73,000. Institutional investors and hedge funds own 43.17% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.