Getty Images (NYSE:GETY) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Getty Images (NYSE:GETY) in a research note published on Friday morning, Marketbeat reports. The firm issued an underweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Benchmark reiterated a “hold” rating on shares of Getty Images in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $3.92.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $0.26 on Friday. 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 1-year low of $0.23 and a 1-year high of $3.21. The stock has a market capitalization of $107.85 million, a P/E ratio of -0.67 and a beta of 2.07. The business has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.69.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $229.10 million during 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%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Getty Images

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

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.