Getty Images (NYSE:GETY) Stock Rating Upgraded by Zacks Research

Getty Images (NYSE:GETY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup decreased their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings downgraded Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Wedbush reissued an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.78.

Getty Images Trading Down 6.2%

Getty Images stock opened at $0.90 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $0.83 and its 200-day simple moving average is $1.14. The firm has a market capitalization of $377.90 million, a PE ratio of -3.47 and a beta of 1.94. Getty Images has a 52 week low of $0.67 and a 52 week high of $3.21.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The business had revenue of $226.57 million during the quarter, compared to the consensus estimate of $238.90 million. Equities research analysts forecast that Getty Images will post -0.02 earnings per share for the current year.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 167,403 shares of Getty Images stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $130,574.34. Following the sale, the chief executive officer directly owned 1,289,548 shares of the company’s stock, valued at approximately $1,005,847.44. The trade was a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Grant Farhall sold 42,022 shares of Getty Images stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $32,777.16. Following the sale, the insider directly owned 288,190 shares in the company, valued at $224,788.20. The trade was a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 391,563 shares of company stock worth $305,419. 12.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Getty Images by 47.2% during 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Getty Images by 16.1% during the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after purchasing an additional 6,856 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Getty Images by 12.4% during the third quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock valued at $159,000 after purchasing an additional 8,900 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Getty Images by 14.7% during the fourth quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after purchasing an additional 9,173 shares in the last quarter. Finally, Polymer Capital Management US LLC boosted its holdings in Getty Images by 7.9% during the third quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after purchasing an additional 10,007 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

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.