Getty Images (NYSE:GETY) Given New $7.00 Price Target at Benchmark

Getty Images (NYSE:GETY – Get Rating) had its target price decreased by Benchmark from $9.00 to $7.00 in a research note released on Tuesday morning, The Fly reports.

A number of other brokerages also recently commented on GETY. The Goldman Sachs Group reduced their target price on shares of Getty Images from $8.00 to $7.00 and set a neutral rating on the stock in a research note on Tuesday, November 15th. Wedbush began coverage on shares of Getty Images in a research report on Wednesday, December 21st. They set an outperform rating and a $6.00 price target for the company. Citigroup upgraded shares of Getty Images from a neutral rating to a buy rating and dropped their price target for the company from $33.00 to $8.00 in a research report on Tuesday, November 15th. Finally, Redburn Partners upgraded shares of Getty Images from a neutral rating to a buy rating and dropped their price target for the company from $9.90 to $5.70 in a research report on Wednesday, November 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Getty Images currently has a consensus rating of Moderate Buy and a consensus target price of $6.99.

Getty Images Price Performance

NYSE:GETY opened at $5.03 on Tuesday. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.74 and a quick ratio of 0.74. The company’s 50-day moving average price is $5.88 and its 200-day moving average price is $6.91. Getty Images has a twelve month low of $4.51 and a twelve month high of $37.88.

Getty Images (NYSE:GETY – Get Rating) last issued its earnings results on Monday, March 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16). The business had revenue of $231.47 million for the quarter, compared to the consensus estimate of $242.00 million. On average, research analysts expect that Getty Images will post -0.25 earnings per share for the current year.

Insider Activity at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of Getty Images stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $7.89, for a total value of $580,348.95. Following the completion of the transaction, the insider now owns 64,523,168 shares in the company, valued at $509,087,795.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GETY. Tower Research Capital LLC TRC purchased a new stake in shares of Getty Images during the 3rd quarter worth approximately $28,000. Victory Capital Management Inc. lifted its position in shares of Getty Images by 60.3% during the 4th quarter. Victory Capital Management Inc. now owns 22,644 shares of the company’s stock worth $144,000 after buying an additional 8,519 shares during the last quarter. State Street Corp purchased a new stake in shares of Getty Images during the 3rd quarter worth approximately $73,000. Ergoteles LLC purchased a new stake in shares of Getty Images during the 3rd quarter worth approximately $80,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Getty Images during the 3rd quarter worth approximately $110,000.

Getty Images Company Profile

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Getty Images Holdings, Inc operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands.