Getty Images Holdings, Inc. (NYSE:GETY) Receives $4.12 Consensus Price Target from Brokerages

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

A number of brokerages recently weighed in on GETY. 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. Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd.

Getty Images Price Performance

Getty Images stock opened at $1.31 on Tuesday. The stock has a market capitalization of $542.70 million, a P/E ratio of -5.93 and a beta of 2.06. The company’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.71. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71. Getty Images has a 1 year low of $1.20 and a 1 year high of $3.21.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $240.04 million during the quarter, compared to analysts’ expectations of $239.98 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Getty Images

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

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of GETY. State of Alaska Department of Revenue purchased a new stake in Getty Images during the 3rd quarter valued at about $25,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of Getty Images during the 2nd quarter worth approximately $30,000. Cerity Partners LLC purchased a new stake in shares of Getty Images in the second quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC increased its holdings 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 purchasing an additional 5,089 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in Getty Images during the third quarter worth approximately $40,000. 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.