Benchmark Reaffirms “Buy” Rating for Getty Images (NYSE:GETY)

Benchmark reiterated their buy rating on shares of Getty Images (NYSE:GETY) in a report issued on Tuesday, Benzinga reports. Benchmark currently has a $6.00 price target on the stock.

GETY has been the topic of several other reports. Citigroup cut their price target on shares of Getty Images from $6.00 to $5.00 and set a buy rating on the stock in a research note on Tuesday. Wedbush reiterated an outperform rating and set a $7.70 target price on shares of Getty Images in a research report on Monday, May 6th. Finally, Macquarie decreased their target price on Getty Images from $4.00 to $3.50 and set a neutral rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $5.64.

Getty Images Trading Up 0.6 %

GETY opened at $3.33 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86. Getty Images has a one year low of $2.88 and a one year high of $7.35. The company has a market cap of $1.36 billion, a P/E ratio of 55.50 and a beta of 2.05. The business’s 50-day simple moving average is $3.46 and its 200-day simple moving average is $3.93.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Getty Images had a net margin of 4.19% and a return on equity of 9.51%. The business had revenue of $229.14 million during the quarter, compared to analyst estimates of $228.42 million. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Getty Images will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In related news, VP Daine Marc Weston sold 10,227 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $33,033.21. Following the transaction, the vice president now owns 89,622 shares of the company’s stock, valued at $289,479.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of Getty Images stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares in the company, valued at approximately $797,002.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daine Marc Weston sold 10,227 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $33,033.21. Following the completion of the transaction, the vice president now directly owns 89,622 shares in the company, valued at $289,479.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,378 shares of company stock worth $262,851. 12.30% of the stock is owned by company insiders.

Institutional Trading of Getty Images

Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after purchasing an additional 4,281 shares during the period. Kessler Investment Group LLC purchased a new stake in Getty Images during the first quarter worth $89,000. Fifth Lane Capital LP acquired a new stake in Getty Images in the first quarter valued at $104,000. Natixis purchased a new position in shares of Getty Images in the first quarter valued at $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Getty Images during the 1st quarter worth $47,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.