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

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have received an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.7833.

Several research firms have recently weighed in on GETY. Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wedbush restated an “outperform” rating and issued a $7.00 target price on shares of Getty Images in a research note on Tuesday, May 12th. Finally, Weiss Ratings lowered Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th.

Getty Images Stock Up 4.1%

GETY opened at $0.98 on Friday. Getty Images has a 1-year low of $0.58 and a 1-year high of $3.21. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $410.16 million, a price-to-earnings ratio of -3.77 and a beta of 2.03. The business has a 50 day moving average of $0.87 and a 200-day moving average of $1.00.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. The business had revenue of $226.57 million during the quarter, compared to the consensus estimate of $238.90 million. As a group, sell-side analysts anticipate that Getty Images will post -0.03 earnings per share for the current year.

Insider Activity at Getty Images

In related news, insider Michael Teaster sold 38,100 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider directly owned 488,862 shares in the company, valued at approximately $386,200.98. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Koch Inc. raised its stake in shares of Getty Images by 42.8% in the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Getty Images by 43.8% in the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after purchasing an additional 742,008 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Getty Images in the fourth quarter valued at $3,071,000. Geode Capital Management LLC raised its stake in shares of Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after purchasing an additional 228,532 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Getty Images by 160.7% in the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after purchasing an additional 943,567 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.