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

Getty Images Holdings, Inc. (NYSE:GETY) has received an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.1167.

A number of brokerages have weighed in on GETY. Wedbush reissued an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a report on Thursday. Finally, Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th.

Insiders Place Their Bets

In other Getty Images news, CEO Craig Warren Peters sold 31,298 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the transaction, the chief executive officer directly owned 1,215,438 shares of the company’s stock, valued at $1,543,606.26. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the completion of the sale, the insider owned 70,641,345 shares of the company’s stock, valued at $160,355,853.15. The trade was a 4.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,610,314 shares of company stock worth $8,107,297 in the last 90 days. 11.20% of the stock is owned by insiders.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after buying an additional 5,089 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Getty Images by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after purchasing an additional 6,856 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Getty Images by 12.4% in the 3rd quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock valued at $159,000 after purchasing an additional 8,900 shares during the period. Polymer Capital Management US LLC grew its position in Getty Images by 7.9% in the 3rd quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock worth $271,000 after purchasing an additional 10,007 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Getty Images by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock worth $43,000 after purchasing an additional 11,066 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Stock Performance

Shares of GETY opened at $1.31 on Tuesday. The firm has a fifty day moving average of $1.38 and a 200-day moving average of $1.72. The company has a market cap of $542.70 million, a price-to-earnings ratio of -5.93 and a beta of 2.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71. Getty Images has a 1 year low of $1.20 and a 1 year high of $3.21.

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

About Getty Images

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.