Getty Images (NYSE:GETY) Price Target Raised to $3.75 at Macquarie

Getty Images (NYSE:GETY) had its price target hoisted by equities research analysts at Macquarie from $3.50 to $3.75 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Macquarie’s price objective would suggest a potential upside of 17.74% from the company’s previous close.

A number of other equities research analysts have also issued reports on GETY. Citigroup decreased their target price on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research report on Tuesday, August 13th.

Getty Images Trading Down 1.4 %

NYSE:GETY opened at $3.19 on Wednesday. The stock’s 50-day moving average is $3.75 and its two-hundred day moving average is $3.63. Getty Images has a fifty-two week low of $2.88 and a fifty-two week high of $5.77. The stock has a market cap of $1.31 billion, a PE ratio of 26.54 and a beta of 2.02. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares of the company’s stock, valued at $4,495,897.61. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the transaction, the director now directly owns 9,706,670 shares in the company, valued at approximately $39,312,013.50. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 169,427 shares of company stock worth $652,130 over the last ninety days. 12.30% of the stock is currently owned by insiders.

Institutional Trading of Getty Images

Several large investors have recently modified their holdings of GETY. Natixis acquired a new position in shares of Getty Images during the 1st quarter worth about $42,000. EntryPoint Capital LLC acquired a new position in shares of Getty Images during the first quarter worth approximately $47,000. Kessler Investment Group LLC boosted its position in shares of Getty Images by 47.6% in the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock valued at $103,000 after acquiring an additional 10,178 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Getty Images in the second quarter worth $49,000. Finally, Ninety One UK Ltd bought a new position in Getty Images during the second quarter worth $583,000. 45.75% of the stock is owned by institutional investors.

About Getty Images

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.