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

Getty Images Holdings, Inc. (NYSE:GETY) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.1167.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a research note on Thursday. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Finally, Wedbush restated an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research note on Friday, October 31st.

Insider Activity

In other news, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the transaction, the insider directly owned 70,641,345 shares in the company, valued at $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 is available through this link. Also, CEO Craig Warren Peters sold 31,298 shares of Getty Images stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total value of $39,748.46. Following the completion of the sale, the chief executive officer directly owned 1,215,438 shares in the company, valued at $1,543,606.26. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,610,314 shares of company stock worth $8,107,297. Insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Getty Images in the 3rd quarter valued at approximately $25,000. Catalyst Funds Management Pty Ltd acquired a new position in Getty Images in the second quarter worth $30,000. Cerity Partners LLC bought a new stake in Getty Images during the second quarter valued at $32,000. Wealth Enhancement Advisory Services LLC raised its holdings 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 purchasing an additional 5,089 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Getty Images during the third quarter worth $40,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Price Performance

GETY stock opened at $1.31 on Tuesday. Getty Images has a fifty-two week low of $1.20 and a fifty-two week high of $3.21. The stock has a market cap of $542.70 million, a price-to-earnings ratio of -5.93 and a beta of 2.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.72.

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

Getty Images Company Profile

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.