Getty Images Holdings, Inc. (NYSE:GETY) Given Average Rating of “Reduce” by Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has been given a consensus rating of “Reduce” by the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.9250.

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

Getty Images Stock Up 0.6%

GETY stock opened at $0.23 on Friday. The stock has a fifty day moving average of $0.36 and a 200-day moving average of $0.68. Getty Images has a fifty-two week low of $0.21 and a fifty-two week high of $3.21. The company has a market capitalization of $96.24 million, a price-to-earnings ratio of -0.59 and a beta of 2.07. 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 quarterly earnings data 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 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%. As a group, equities research analysts predict that Getty Images will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other Getty Images news, SVP Cho Mikael sold 59,604 shares of Getty Images stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $0.94, for a total transaction of $56,027.76. Following the completion of the sale, the senior vice president owned 121,650 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,255 shares of company stock valued at $90,443 over the last quarter. 9.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Large investors have recently modified their holdings of the company. Koch Inc. raised its stake in Getty Images by 42.8% in the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after buying an additional 34,525,639 shares in the last quarter. Weiss Asset Management LP grew its holdings in shares of Getty Images by 318.5% during the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after acquiring an additional 656,790 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Getty Images in the 4th quarter worth approximately $335,000. Ionic Capital Management LLC bought a new position in shares of Getty Images in the 4th quarter worth approximately $248,000. Finally, Callodine Capital Management LP lifted its stake in shares of 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 purchasing an additional 100,000 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.