Getty Images (NYSE:GETY) Price Target Lowered to $0.85 at Citigroup

Getty Images (NYSE:GETY) had its price objective trimmed by Citigroup from $1.85 to $0.85 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.78.

Getty Images Trading Down 7.3%

Shares of Getty Images stock opened at $0.69 on Monday. The stock has a market capitalization of $285.28 million, a PE ratio of -3.12 and a beta of 2.07. Getty Images has a 52 week low of $0.67 and a 52 week high of $3.21. The stock has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $1.62. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71.

Insider Activity

In related news, CEO Craig Warren Peters sold 31,298 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the transaction, the chief executive officer owned 1,215,438 shares in the company, valued at $1,543,606.26. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 76,397 shares of company stock worth $97,275 in the last 90 days. 11.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Getty Images in the third quarter worth about $25,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Getty Images in the 2nd quarter worth approximately $30,000. Cerity Partners LLC bought a new position in Getty Images in the 2nd quarter worth $32,000. Certuity LLC purchased a new position in Getty Images during the fourth quarter valued at approximately $33,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after acquiring an additional 5,089 shares in the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.