Zacks Research Upgrades Getty Images (NYSE:GETY) to “Hold”

Getty Images (NYSE:GETY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

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

Getty Images Trading Up 1.0%

Shares of GETY opened at $0.23 on Tuesday. Getty Images has a fifty-two week low of $0.21 and a fifty-two week high of $3.21. The firm has a market cap of $95.82 million, a price-to-earnings ratio of -0.59 and a beta of 2.07. The firm has a 50 day moving average price of $0.37 and a 200-day moving average price of $0.68. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.78 and a current ratio of 0.78.

Getty Images (NYSE:GETY) last released its earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter. The business had revenue of $229.10 million for the quarter, compared to the consensus estimate of $235.23 million. Getty Images had a negative net margin of 16.24% and a negative return on equity of 26.82%. As a group, equities research analysts forecast that Getty Images will post -0.15 earnings per share for the current year.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 59,604 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $56,027.76. Following the completion of the transaction, the senior vice president directly owned 121,650 shares in the company, valued at approximately $114,351. This represents a 32.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 95,255 shares of company stock worth $90,443. 9.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

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