Getty Images Holdings, Inc. (NYSE:GETY) Receives $6.08 Consensus PT from Analysts

Getty Images Holdings, Inc. (NYSE:GETY) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.08.

A number of analysts recently commented on the stock. Citigroup lifted their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wedbush reissued an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research report on Monday, May 6th. Finally, Benchmark lowered their price target on Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 10th.

Insider Activity at Getty Images

In other news, Director Chinh Chu sold 88,573 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $4.11, for a total value of $364,035.03. Following the completion of the transaction, the director now owns 8,608,225 shares of the company’s stock, valued at approximately $35,379,804.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Chinh Chu sold 88,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $4.11, for a total transaction of $364,035.03. Following the sale, the director now owns 8,608,225 shares of the company’s stock, valued at approximately $35,379,804.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the completion of the transaction, the general counsel now owns 246,750 shares of the company’s stock, valued at $797,002.50. The disclosure for this sale can be found here. Insiders sold 256,432 shares of company stock worth $974,829 over the last three months. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. acquired a new position in Getty Images in the 3rd quarter worth about $52,554,000. EULAV Asset Management increased its position in shares of Getty Images by 37.5% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after buying an additional 150,000 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after buying an additional 4,281 shares during the period. Fifth Lane Capital LP purchased a new position in shares of Getty Images during the 1st quarter valued at approximately $104,000. Finally, Kessler Investment Group LLC acquired a new stake in Getty Images in the 1st quarter valued at $89,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Price Performance

NYSE GETY opened at $3.26 on Wednesday. Getty Images has a 12-month low of $2.93 and a 12-month high of $7.35. The firm’s fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $4.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $1.33 billion, a P/E ratio of 54.33 and a beta of 2.09.

Getty Images (NYSE:GETY) last announced its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The company had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Analysts forecast that Getty Images will post 0.13 EPS for the current fiscal year.

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.