Benchmark Issues Pessimistic Forecast for Getty Images (NYSE:GETY) Stock Price

Getty Images (NYSE:GETY) had its price objective reduced by Benchmark from $4.50 to $3.50 in a research report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Tuesday, May 6th. Citigroup reiterated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Getty Images has an average rating of “Hold” and a consensus price target of $4.35.

Getty Images Stock Down 10.0%

Shares of GETY opened at $1.81 on Tuesday. The company has a market capitalization of $746.75 million, a price-to-earnings ratio of 15.08 and a beta of 1.98. Getty Images has a 52 week low of $1.25 and a 52 week high of $4.49. The stock’s 50-day moving average price is $1.86 and its 200-day moving average price is $2.45. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Getty Images will post 0.08 EPS for the current year.

Insider Activity

In other Getty Images news, CMO Gene Foca sold 23,475 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $49,767.00. Following the completion of the transaction, the chief marketing officer now directly owns 468,943 shares in the company, valued at approximately $994,159.16. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig Warren Peters sold 124,624 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the transaction, the chief executive officer now directly owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. The trade was a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock worth $480,536 over the last three months. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Getty Images in the 4th quarter worth about $27,000. Aristeia Capital L.L.C. purchased a new position in shares of Getty Images in the fourth quarter valued at approximately $28,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images in the fourth quarter worth approximately $28,000. HHM Wealth Advisors LLC purchased a new stake in shares of Getty Images during the first quarter worth approximately $29,000. Finally, Oxford Asset Management LLP acquired a new position in Getty Images in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.