Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Rating of “Hold” from Brokerages

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $3.7833.

Several equities research analysts have recently weighed in on GETY shares. Weiss Ratings downgraded shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wedbush restated an “outperform” rating and issued a $7.00 target price on shares of Getty Images in a research report on Tuesday, May 12th.

Getty Images Stock Performance

Shares of GETY stock opened at $0.88 on Friday. The company’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $0.99. The firm has a market capitalization of $367.01 million, a P/E ratio of -3.37 and a beta of 2.03. Getty Images has a 12 month low of $0.58 and a 12 month high of $3.21. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76.

Getty Images (NYSE:GETY) last released 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 during the quarter, compared to the consensus estimate of $238.90 million. Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%. On average, research analysts anticipate that Getty Images will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider owned 488,862 shares in the company, valued at approximately $386,200.98. This represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GETY. AQR Capital Management LLC grew its position in Getty Images by 1,201.6% in the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock worth $476,000 after purchasing an additional 254,146 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after acquiring an additional 228,532 shares during the period. Creative Planning acquired a new stake in shares of Getty Images in the 2nd quarter worth approximately $75,000. JPMorgan Chase & Co. lifted its stake in shares of Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after acquiring an additional 742,008 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Getty Images by 15.2% in the 2nd quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock worth $250,000 after acquiring an additional 19,859 shares during the period. Institutional investors own 45.75% of the company’s stock.

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.