Wall Street Zen Upgrades Getty Images (NYSE:GETY) to Hold

Getty Images (NYSE:GETY) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

GETY has been the topic of a number of other research reports. Wedbush dropped their price target on Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday. Zacks Research raised Getty Images to a “hold” rating in a research report on Friday, August 8th. Benchmark cut Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a research report on Tuesday. Finally, Citigroup reaffirmed a “neutral” rating and set a $1.85 price target (down previously from $2.05) on shares of Getty Images in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.03.

Getty Images Stock Up 1.1%

Shares of NYSE GETY opened at $1.81 on Friday. Getty Images has a one year low of $1.25 and a one year high of $4.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.72. The business’s fifty day moving average price is $1.77 and its 200-day moving average price is $1.92. The stock has a market capitalization of $750.81 million, a PE ratio of -6.46 and a beta of 1.87.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The firm had revenue of $234.88 million for the quarter, compared to analysts’ expectations of $234.77 million. During the same period in the prior year, the company earned $0.01 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Getty Images will post 0.08 EPS for the current year.

Insider Transactions at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the sale, the chief executive officer owned 1,279,686 shares of the company’s stock, valued at approximately $2,265,044.22. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 80,010 shares of company stock worth $141,618. Corporate insiders own 11.20% of the company’s stock.

Institutional Trading of Getty Images

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Getty Images during the 4th quarter valued at about $27,000. Aristeia Capital L.L.C. bought a new stake in shares of Getty Images during the 4th quarter valued at about $28,000. Ameriprise Financial Inc. bought a new stake in shares of Getty Images during the 4th quarter valued at about $28,000. Oxford Asset Management LLP bought a new stake in shares of Getty Images during the 4th quarter valued at about $33,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Getty Images during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.