Getty Images (NYSE:GETY) Raised to “Strong-Buy” at Wedbush

Getty Images (NYSE:GETY) was upgraded by research analysts at Wedbush to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

GETY has been the subject of several other reports. Wall Street Zen downgraded Getty Images from a “buy” rating to a “sell” rating in a research report on Thursday, May 22nd. Benchmark reduced their price target on Getty Images from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, Citigroup reissued a “neutral” rating and set a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.35.

Getty Images Trading Down 2.0%

Shares of NYSE GETY opened at $1.72 on Tuesday. Getty Images has a 12-month low of $1.25 and a 12-month high of $4.49. The company has a market cap of $709.02 million, a price-to-earnings ratio of -9.03 and a beta of 1.87. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04. The stock’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $2.08.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). The firm had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. Getty Images had a negative return on equity of 8.87% and a negative net margin of 8.13%. The firm’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. Equities research analysts expect that Getty Images will post 0.08 EPS for the current year.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the sale, the chief executive officer owned 1,279,686 shares of the company’s stock, valued at $2,265,044.22. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 80,010 shares of company stock worth $141,618 in the last quarter. 12.30% of the stock is owned by company insiders.

Institutional Trading of Getty Images

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Getty Images during the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. acquired a new stake in Getty Images in the 4th quarter valued at about $28,000. Ameriprise Financial Inc. bought a new position in shares of Getty Images during the 4th quarter valued at about $28,000. HHM Wealth Advisors LLC acquired a new position in shares of Getty Images in the 1st quarter worth approximately $29,000. Finally, Virtu Financial LLC acquired a new position in shares of Getty Images in the 4th quarter worth approximately $33,000. 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.