Getty Images Holdings, Inc. (NYSE:GETY) Given Consensus Rating of “Hold” by Brokerages

Getty Images Holdings, Inc. (NYSE:GETY) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.0250.

A number of analysts recently commented on the stock. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Wedbush reiterated an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th.

Getty Images Trading Up 5.9%

NYSE:GETY opened at $1.35 on Friday. Getty Images has a 1 year low of $1.20 and a 1 year high of $3.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day moving average price of $1.56 and a two-hundred day moving average price of $1.78. The stock has a market capitalization of $559.33 million, a price-to-earnings ratio of -6.11 and a beta of 2.06.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $240.04 million for the quarter, compared to analyst estimates of $239.98 million. Getty Images had a negative net margin of 9.60% and a negative return on equity of 11.38%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. As a group, sell-side analysts anticipate that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Getty Images

In other news, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $2.27, for a total value of $7,878,981.59. Following the completion of the transaction, the insider owned 70,641,345 shares in the company, valued at approximately $160,355,853.15. This represents a 4.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cho Mikael sold 25,555 shares of Getty Images stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $2.11, for a total transaction of $53,921.05. Following the sale, the senior vice president owned 131,348 shares in the company, valued at approximately $277,144.28. This trade represents a 16.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,659,573 shares of company stock valued at $8,211,234 in the last 90 days. 11.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Getty Images in the 3rd quarter valued at $25,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Getty Images during the second quarter valued at $30,000. Cerity Partners LLC bought a new position in shares of Getty Images during the second quarter valued at $32,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Getty Images in the 3rd quarter worth about $40,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.