Getty Images (NYSE:GETY) Given Outperform Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Getty Images (NYSE:GETY) in a research note released on Monday, RTT News reports. They currently have a $7.70 target price on the stock.

Several other equities research analysts have also recently weighed in on GETY. Citigroup upped their price target on shares of Getty Images from $5.50 to $6.00 and gave the stock a buy rating in a research report on Friday, March 15th. Benchmark boosted their price objective on shares of Getty Images from $7.00 to $8.00 and gave the stock a buy rating in a research note on Friday, March 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Getty Images currently has an average rating of Moderate Buy and an average price target of $6.41.

Getty Images Trading Down 7.8 %

GETY opened at $3.78 on Monday. Getty Images has a 52 week low of $3.65 and a 52 week high of $7.35. The company has a market capitalization of $1.54 billion, a P/E ratio of 94.50 and a beta of 2.13. The stock’s fifty day moving average is $4.26 and its two-hundred day moving average is $4.56. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.09 EPS for the quarter. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. The firm had revenue of $225.94 million for the quarter, compared to analyst estimates of $227.00 million. Analysts forecast that Getty Images will post 0.06 earnings per share for the current year.

Insider Activity

In related news, SVP Peter Orlowsky sold 22,579 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $4.96, for a total transaction of $111,991.84. Following the completion of the transaction, the senior vice president now owns 211,872 shares in the company, valued at approximately $1,050,885.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Getty Images news, Director Chinh Chu sold 238,520 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $4.95, for a total value of $1,180,674.00. Following the completion of the sale, the director now owns 9,598,182 shares of the company’s stock, valued at $47,511,000.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Peter Orlowsky sold 22,579 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $4.96, for a total transaction of $111,991.84. Following the transaction, the senior vice president now owns 211,872 shares in the company, valued at approximately $1,050,885.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,276,490 shares of company stock worth $5,677,587. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

A number of institutional investors have recently bought and sold shares of GETY. Skandinaviska Enskilda Banken AB publ acquired a new position in Getty Images during the 3rd quarter valued at approximately $26,000. Kessler Investment Group LLC acquired a new position in shares of Getty Images in the 1st quarter valued at $89,000. Fifth Lane Capital LP acquired a new position in shares of Getty Images in the 1st quarter valued at $104,000. Corton Capital Inc. raised its stake in Getty Images by 49.3% in the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after acquiring an additional 5,571 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

About Getty Images

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.