Wedbush Reiterates “Outperform” Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a report released on Friday,RTT News reports. They presently have a $7.00 target price on the stock. Wedbush’s target price suggests a potential upside of 264.96% from the company’s current price.

GETY has been the topic of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. Benchmark lowered shares of 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, August 12th. Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Citigroup reiterated a “neutral” rating and set a $1.85 target price (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $4.03.

Getty Images Stock Performance

Shares of GETY opened at $1.92 on Friday. The company has a market capitalization of $795.61 million, a PE ratio of -6.85 and a beta of 1.88. 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 0.70. The company’s fifty day moving average price is $2.02 and its 200 day moving average price is $1.88.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). The firm had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. As a group, analysts expect that Getty Images will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,950 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total value of $66,888.50. Following the completion of the transaction, the chief executive officer directly owned 1,246,736 shares of the company’s stock, valued at approximately $2,530,874.08. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Neuberger Berman Group Llc sold 63,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $2.08, for a total transaction of $131,040.00. Following the completion of the transaction, the insider directly owned 74,112,262 shares of the company’s stock, valued at approximately $154,153,504.96. This represents a 0.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 281,595 shares of company stock worth $572,373 over the last ninety days. Corporate insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Getty Images during the third quarter worth approximately $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Getty Images during the first quarter worth approximately $29,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Getty Images during the second quarter worth approximately $30,000. Cerity Partners LLC bought a new stake in shares of Getty Images during the second quarter worth approximately $32,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after buying an additional 5,089 shares during the last quarter. 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.