Getty Images Holdings, Inc. (NYSE:GETY) Stock Has Average Price Target of $3.92 According to Analysts

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been assigned an average recommendation of “Reduce” from the six research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3.92.

A number of equities analysts have issued reports on GETY shares. Zacks Research upgraded shares of Getty Images to a “hold” rating in a research report on Tuesday, September 15th. Benchmark reissued a “hold” rating on shares of Getty Images in a research report on Tuesday, August 11th. JPMorgan Chase & Co. initiated coverage on Getty Images in a research report on Friday, September 11th. They set an “underweight” rating for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a report on Friday, August 7th.

Getty Images Stock Up 5.3%

Shares of NYSE GETY opened at $0.05 on Tuesday. The stock has a market capitalization of $19.70 million, a price-to-earnings ratio of -0.12 and a beta of 2.21. Getty Images has a 52 week low of $0.04 and a 52 week high of $3.21. The firm has a 50-day moving average price of $0.24 and a 200 day moving average price of $0.60. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.67.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $229.10 million for the quarter, compared to analyst estimates of $235.23 million. Getty Images had a negative net margin of 16.24% and a negative return on equity of 26.82%. Equities research analysts anticipate that Getty Images will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Images

Hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP raised its stake in Getty Images by 77.7% during the second quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock valued at $184,000 after buying an additional 93,422 shares in the last quarter. Weiss Asset Management LP lifted its holdings in Getty Images by 318.5% during the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after buying an additional 656,790 shares during the last quarter. Callodine Capital Management LP grew its position in shares of Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock worth $476,000 after acquiring an additional 100,000 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Getty Images in the 4th quarter worth approximately $98,000. Finally, Ionic Capital Management LLC bought a new stake in shares of Getty Images in the 4th quarter valued at approximately $248,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Company Profile

Getty Images Holdings, Inc is a global visual communications company that provides licensed photography, video, music and other visual content to businesses, media organizations, advertising agencies and consumers. Its content is used for editorial, commercial, advertising, entertainment and creative applications.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Its offerings include royalty-free and rights-managed creative content, editorial photographs and video, archival collections, custom visual content services, and tools that help customers search for, license and use visual assets.