Benchmark Increases Getty Images (NYSE:GETY) Price Target to $8.00

Getty Images (NYSE:GETY – Get Rating) had its price target lifted by equities research analysts at Benchmark from $7.00 to $8.00 in a research report issued on Friday, The Fly reports. Benchmark’s target price would indicate a potential upside of 30.29% from the stock’s current price.

A number of other research firms have also weighed in on GETY. JPMorgan Chase & Co. assumed coverage on Getty Images in a report on Monday, May 8th. They set a “neutral” rating and a $6.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $6.00 target price on shares of Getty Images in a report on Tuesday, March 14th. The Goldman Sachs Group reduced their target price on Getty Images from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, March 15th. Finally, Imperial Capital assumed coverage on Getty Images in a report on Friday, April 28th. They set an “in-line” rating and a $6.25 target price for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Getty Images currently has a consensus rating of “Moderate Buy” and an average target price of $6.99.

Getty Images Price Performance

Shares of Getty Images stock opened at $6.14 on Friday. Getty Images has a 52-week low of $3.42 and a 52-week high of $37.88. The stock’s 50-day simple moving average is $5.60 and its 200 day simple moving average is $5.68. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.84 and a current ratio of 0.84.

Getty Images (NYSE:GETY – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.16). The company had revenue of $231.47 million during the quarter, compared to analyst estimates of $242.00 million. On average, equities research analysts forecast that Getty Images will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Getty Images news, CFO Jennifer Leyden sold 34,173 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $4.01, for a total value of $137,033.73. Following the completion of the sale, the chief financial officer now owns 365,827 shares of the company’s stock, valued at $1,466,966.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Getty Images news, CFO Jennifer Leyden sold 34,173 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $4.01, for a total value of $137,033.73. Following the completion of the sale, the chief financial officer now owns 365,827 shares of the company’s stock, valued at $1,466,966.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Neuberger Berman Group Llc sold 572,706 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $7.91, for a total value of $4,530,104.46. Following the completion of the sale, the insider now directly owns 63,950,462 shares of the company’s stock, valued at approximately $505,848,154.42. The disclosure for this sale can be found here. Insiders sold a total of 609,831 shares of company stock valued at $4,678,976 over the last quarter. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Getty Images in the third quarter valued at approximately $28,000. UBS Group AG bought a new stake in Getty Images in the first quarter valued at approximately $28,000. State Street Corp bought a new stake in Getty Images in the third quarter valued at approximately $73,000. Ergoteles LLC bought a new stake in Getty Images in the third quarter valued at approximately $80,000. Finally, Victory Capital Management Inc. bought a new position in shares of Getty Images during the third quarter valued at approximately $96,000.

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.