Getty Images Holdings, Inc. (NYSE:GETY) Receives $3.78 Consensus Target Price from Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has earned a consensus recommendation of “Reduce” from the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.7833.

Several research firms recently weighed in on GETY. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a report on Tuesday, April 21st. Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th. Finally, Citigroup dropped their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd.

Insider Activity

In related news, CEO Craig Warren Peters sold 167,403 shares of Getty Images stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $130,574.34. Following the completion of the transaction, the chief executive officer owned 1,289,548 shares in the company, valued at approximately $1,005,847.44. The trade was a 11.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Grant Farhall sold 42,022 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the sale, the insider owned 288,190 shares in the company, valued at approximately $224,788.20. This trade represents a 12.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 391,563 shares of company stock valued at $305,419. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

Several hedge funds have recently modified their holdings of the stock. Koch Inc. grew its stake in Getty Images by 42.8% during the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Getty Images in the 4th quarter valued at about $3,071,000. Millennium Management LLC boosted its stake in shares of Getty Images by 160.7% in the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after buying an additional 943,567 shares during the period. JPMorgan Chase & Co. grew its position in shares of Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after buying an additional 742,008 shares in the last quarter. Finally, Callodine Capital Management LP purchased a new stake in shares of Getty Images during the fourth quarter worth approximately $670,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Down 3.4%

Shares of GETY opened at $0.81 on Thursday. The company’s 50-day moving average price is $0.83 and its 200 day moving average price is $1.19. Getty Images has a 12-month low of $0.67 and a 12-month high of $3.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.12. The firm has a market cap of $337.55 million, a P/E ratio of -1.62 and a beta of 1.94.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $226.57 million for the quarter, compared to analysts’ expectations of $238.90 million. Getty Images had a negative return on equity of 25.05% and a negative net margin of 21.00%. On average, sell-side analysts forecast that Getty Images will post -0.02 earnings per share for the current year.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.