Getty Images (NYSE:GETY) Earns Outperform Rating from Wedbush

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating restated by Wedbush in a research report issued on Tuesday,RTT News reports. They currently have a $7.70 price target on the stock. Wedbush’s price target indicates a potential upside of 195.02% from the company’s previous close.

Several other analysts also recently commented on GETY. Macquarie increased their price objective on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Getty Images currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Trading Down 18.2 %

NYSE:GETY opened at $2.61 on Tuesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images has a one year low of $2.06 and a one year high of $5.77. The company has a market cap of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93. The firm has a 50-day moving average of $2.90 and a 200-day moving average of $3.34.

Insider Activity

In related news, Director Chinh Chu sold 48,400 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the transaction, the director now owns 9,706,670 shares in the company, valued at approximately $39,312,013.50. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,266,876 shares of company stock valued at $10,629,182 over the last three months. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently bought and sold shares of GETY. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after buying an additional 58,135 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Getty Images during the third quarter valued at about $221,000. Barclays PLC lifted its holdings in Getty Images by 47.1% during the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the last quarter. State Street Corp increased its stake in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Getty Images in the second quarter valued at approximately $910,000. 45.75% of the stock is owned by institutional investors.

About Getty Images

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.