Getty Images (NYSE:GETY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Getty Images (NYSE:GETY) to a hold rating in a report issued on Tuesday morning,Zacks reports.

A number of other analysts have also weighed in on GETY. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. JPMorgan Chase & Co. started coverage on shares of Getty Images in a research note on Friday, September 11th. They issued an “underweight” rating for the company. Finally, Benchmark reiterated a “hold” rating on shares of Getty Images in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Getty Images has an average rating of “Reduce” and an average target price of $3.92.

Getty Images Stock Up 1.0%

Shares of NYSE GETY opened at $0.23 on Tuesday. The stock has a market cap of $95.82 million, a P/E ratio of -0.59 and a beta of 2.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.67. Getty Images has a 12-month low of $0.21 and a 12-month high of $3.21. The business’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.68.

Getty Images (NYSE:GETY) last released its earnings results on Monday, August 10th. The company reported ($0.21) 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 return on equity of 26.82% and a negative net margin of 16.24%. As a group, equities analysts predict that Getty Images will post -0.15 EPS for the current fiscal year.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 33,143 shares of Getty Images stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $0.94, for a total transaction of $31,154.42. Following the completion of the sale, the senior vice president directly owned 162,904 shares of the company’s stock, valued at $153,129.76. The trade was a 16.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 95,255 shares of company stock worth $90,443. 9.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Founders Financial Securities LLC acquired a new position in Getty Images in the fourth quarter valued at approximately $35,000. Alpine Global Management LLC purchased a new position in Getty Images in the fourth quarter valued at approximately $98,000. Engineers Gate Manager LP raised its holdings in Getty Images by 77.7% during the second quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock worth $184,000 after purchasing an additional 93,422 shares in the last quarter. Ionic Capital Management LLC acquired a new stake in Getty Images during the fourth quarter worth approximately $248,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Getty Images during the 4th quarter worth approximately $335,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc is a visual content company that provides stock photography, illustrations, video, music and other digital media for commercial and editorial use. Its content is used by businesses, advertising agencies, media organizations, publishers and creative professionals for marketing, communications, news and entertainment projects.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Getty Images offers premium creative and editorial content, while iStock provides licensed visual assets aimed at a broad range of businesses and creators.