Analysts Set Getty Images Holdings, Inc. (NYSE:GETY) Price Target at $3.78

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have earned an average rating of “Reduce” from the five brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.7833.

A number of brokerages have commented on GETY. Zacks Research cut Getty Images from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th.

Insider Buying and Selling

In related news, SVP Cho Mikael sold 33,143 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $31,154.42. Following the transaction, the senior vice president owned 162,904 shares in the company, valued at approximately $153,129.76. This represents a 16.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the transaction, the insider directly owned 488,862 shares of the company’s stock, valued at $386,200.98. This represents a 7.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 133,355 shares of company stock worth $120,542. 12.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC purchased a new stake in Getty Images in the second quarter valued at $32,000. Certuity LLC purchased a new position in shares of Getty Images during the 4th quarter valued at about $33,000. Founders Financial Securities LLC purchased a new position in shares of Getty Images during the 4th quarter valued at about $35,000. BNP Paribas Financial Markets raised its stake in shares of Getty Images by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock valued at $43,000 after buying an additional 11,066 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Getty Images in the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Trading Down 10.7%

Shares of Getty Images stock opened at $0.43 on Tuesday. The firm’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $0.91. The firm has a market capitalization of $179.73 million, a price-to-earnings ratio of -1.65 and a beta of 2.06. Getty Images has a 12-month low of $0.42 and a 12-month high of $3.21. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.13.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS 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 analyst estimates of $238.90 million. Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%. Analysts predict that Getty Images will post -0.01 EPS 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.