Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Rating of “Reduce” from Brokerages

Getty Images Holdings, Inc. (NYSE:GETY) has earned a consensus rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.7833.

A number of equities analysts recently weighed in on GETY shares. Wedbush reissued an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a report on Tuesday, May 12th. Weiss Ratings lowered Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Getty Images from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th.

Getty Images Stock Up 2.3%

GETY opened at $0.53 on Tuesday. The business’s fifty day simple moving average is $0.83 and its 200 day simple moving average is $0.93. Getty Images has a 52 week low of $0.48 and a 52 week high of $3.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.13. The stock has a market cap of $221.21 million, a PE ratio of -2.03 and a beta of 2.06.

Getty Images (NYSE:GETY) last issued its quarterly earnings results 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). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The firm had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. As a group, research analysts expect that Getty Images will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the sale, the insider directly owned 488,862 shares of the company’s stock, valued at $386,200.98. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Cho Mikael sold 33,143 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $0.94, for a total transaction of $31,154.42. Following the completion of the sale, the senior vice president directly owned 162,904 shares of the company’s stock, valued at $153,129.76. This represents a 16.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 133,355 shares of company stock valued at $120,542 in the last ninety days. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Koch Inc. lifted its stake in shares of Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after acquiring an additional 34,525,639 shares during the last quarter. JPMorgan Chase & Co. grew its position in Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after acquiring an additional 742,008 shares during the last quarter. Readystate Asset Management LP purchased a new position in Getty Images in the 4th quarter worth approximately $3,071,000. Geode Capital Management LLC increased its stake in Getty Images by 14.0% in the 2nd 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. Finally, Millennium Management LLC lifted its position in 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 during the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.