Getty Images (NYSE:GETY) Given Neutral Rating at Macquarie

Macquarie reaffirmed their neutral rating on shares of Getty Images (NYSE:GETY) in a report issued on Wednesday morning,Benzinga reports. Macquarie currently has a $3.75 target price on the stock.

A number of other analysts also recently weighed in on GETY. Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Performance

NYSE:GETY opened at $2.63 on Wednesday. Getty Images has a 52 week low of $2.06 and a 52 week high of $5.77. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $2.87 and its 200-day moving average is $3.33. The firm has a market cap of $1.08 billion, a P/E ratio of 21.92 and a beta of 1.93.

Insider Activity

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chinh Chu sold 17,122 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total value of $68,659.22. Following the completion of the transaction, the director now owns 9,846,814 shares in the company, valued at $39,485,724.14. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,266,876 shares of company stock worth $10,629,182 in 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 added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Getty Images during the 3rd quarter valued at $221,000. Barclays PLC raised its stake in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares during the period. State Street Corp boosted its holdings in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Getty Images during the second quarter valued at about $910,000. 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.