Getty Images Holdings, Inc. (NYSE:GETY) Given Consensus Recommendation of “Hold” by Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.0250.

Several research analysts have weighed in on GETY shares. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research note on Friday, October 31st.

Insider Activity at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $2.27, for a total value of $7,878,981.59. Following the completion of the transaction, the insider directly owned 70,641,345 shares of the company’s stock, valued at approximately $160,355,853.15. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cho Mikael sold 25,555 shares of Getty Images stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total value of $53,921.05. Following the completion of the sale, the senior vice president owned 131,348 shares in the company, valued at approximately $277,144.28. The trade was a 16.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,659,573 shares of company stock valued at $8,211,234 in the last ninety days. Corporate insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Getty Images during the 3rd quarter valued at approximately $25,000. Catalyst Funds Management Pty Ltd purchased a new position in Getty Images in the 2nd quarter valued at approximately $30,000. Cerity Partners LLC purchased a new position in Getty Images in the second quarter valued at $32,000. Wealth Enhancement Advisory Services LLC lifted its stake in Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after acquiring an additional 5,089 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Getty Images during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Price Performance

NYSE GETY opened at $1.35 on Friday. Getty Images has a 1-year low of $1.20 and a 1-year high of $3.87. The stock has a market capitalization of $559.33 million, a price-to-earnings ratio of -6.11 and a beta of 2.06. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The business’s fifty day moving average price is $1.56 and its 200-day moving average price is $1.78.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Getty Images had a negative net margin of 9.60% and a negative return on equity of 11.38%. The business had revenue of $240.04 million for the quarter, compared to analysts’ expectations of $239.98 million. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. On average, equities analysts predict that Getty Images will post 0.08 earnings per share for the current year.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.