Getty Images Holdings, Inc. (NYSE:GETY) Stock Now Rated “Reduce” by Sell-Side Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has received an average recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.92.

Several equities research analysts have recently weighed in on GETY shares. JPMorgan Chase & Co. began coverage on shares of Getty Images in a research note on Friday, September 11th. They set an “underweight” rating for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a research report on Friday, August 7th. Benchmark reaffirmed a “hold” rating on shares of Getty Images in a research note on Tuesday, August 11th. Finally, Zacks Research raised Getty Images to a “hold” rating in a research report on Tuesday, September 15th.

Getty Images Price Performance

GETY stock opened at $0.02 on Friday. The business’s 50-day moving average is $0.14 and its two-hundred day moving average is $0.65. The firm has a market capitalization of $8.01 million, a P/E ratio of -0.05 and a beta of 2.21. Getty Images has a 1 year low of $0.00 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.21) EPS for the quarter. The business had revenue of $229.10 million during the quarter, compared to analysts’ expectations of $235.23 million. Getty Images had a negative net margin of 16.24% and a negative return on equity of 26.82%. Analysts anticipate that Getty Images will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GETY. Weiss Asset Management LP grew its position in Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock valued at $685,000 after buying an additional 656,790 shares during the last quarter. Callodine Capital Management LP increased its stake in Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock valued at $476,000 after buying an additional 100,000 shares during the period. Finally, Engineers Gate Manager LP increased its stake in Getty Images by 77.7% in the 2nd quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock valued at $184,000 after buying an additional 93,422 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc is a visual communications company that provides licensed photography, video, music and other digital media to businesses, media organizations, advertising agencies and creative professionals. Its content is used in marketing campaigns, news coverage, entertainment, corporate communications and other commercial and editorial applications.

The company operates through the Getty Images and iStock brands. Getty Images offers premium and editorial content, including news, sports, entertainment and archival imagery, while iStock provides royalty-free stock photographs, illustrations, video and other creative assets.