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

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.7833.

GETY has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Citigroup reduced their price objective on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Getty Images Stock Up 0.5%

GETY stock opened at $1.05 on Monday. The company’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $1.09. The firm has a market capitalization of $437.81 million, a PE ratio of -4.02 and a beta of 2.03. Getty Images has a 12 month low of $0.67 and a 12 month high of $3.21. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $226.57 million for the quarter, compared to analysts’ expectations of $238.90 million. Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. Equities analysts expect that Getty Images will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Getty Images

In related news, insider Grant Farhall sold 42,022 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $32,777.16. Following the transaction, the insider owned 288,190 shares of the company’s stock, valued at approximately $224,788.20. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig Warren Peters sold 167,403 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $130,574.34. Following the transaction, the chief executive officer directly owned 1,289,548 shares in the company, valued at $1,005,847.44. The trade was a 11.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 391,563 shares of company stock worth $305,419 in the last three months. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Getty Images by 1,201.6% during the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock worth $476,000 after purchasing an additional 254,146 shares during the period. Geode Capital Management LLC raised its stake in Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after purchasing an additional 228,532 shares during the period. Creative Planning purchased a new position in Getty Images during the second quarter worth approximately $75,000. JPMorgan Chase & Co. raised its stake in Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after purchasing an additional 742,008 shares during the period. Finally, Rhumbline Advisers raised its stake in Getty Images by 15.2% during the second quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock worth $250,000 after purchasing an additional 19,859 shares during the period. Hedge funds and other 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.