Analysts Set Getty Images Holdings, Inc. (NYSE:GETY) Price Target at $3.92

Getty Images Holdings, Inc. (NYSE:GETY) has earned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.9250.

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Getty Images in a report on Tuesday, August 11th.

Insider Activity at Getty Images

In related news, insider Michael Teaster sold 38,100 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the sale, the insider directly owned 488,862 shares in the company, valued at $386,200.98. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Cho Mikael sold 59,604 shares of the firm’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 sale, the senior vice president directly owned 121,650 shares of the company’s stock, valued at $114,351. This represents a 32.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 133,355 shares of company stock worth $120,542 over the last three months. 12.50% of the stock is owned by company insiders.

Institutional Trading of Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in GETY. AQR Capital Management LLC raised its holdings in shares of Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after buying an additional 254,146 shares during the last quarter. Geode Capital Management LLC grew its holdings in Getty Images by 14.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after acquiring an additional 228,532 shares during the last quarter. Creative Planning bought a new stake in Getty Images during the 2nd quarter worth about $75,000. JPMorgan Chase & Co. grew its holdings in Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after acquiring an additional 742,008 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Getty Images by 15.2% in the 2nd quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock valued at $250,000 after acquiring an additional 19,859 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $0.27 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78. The business’s fifty day moving average price is $0.61 and its two-hundred day moving average price is $0.78. Getty Images has a fifty-two week low of $0.26 and a fifty-two week high of $3.21. The stock has a market capitalization of $113.25 million, a price-to-earnings ratio of -0.69 and a beta of 2.11.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. Getty Images had a negative net margin of 16.24% and a negative return on equity of 26.82%. The company had revenue of $229.10 million for the quarter, compared to the consensus estimate of $235.23 million.

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.