Getty Images (NYSE:GETY) Receives Neutral Rating from Macquarie

Getty Images (NYSE:GETY)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a research note issued on Wednesday,Benzinga reports. They presently have a $3.75 price objective on the stock. Macquarie’s price target would indicate a potential upside of 17.92% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Trading Up 23.7 %

NYSE GETY opened at $3.18 on Wednesday. The firm’s 50-day moving average is $2.93 and its two-hundred day moving average is $3.34. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images has a 12 month low of $2.06 and a 12 month high of $5.77. The stock has a market capitalization of $1.31 billion, a P/E ratio of 26.50 and a beta of 1.93.

Insider Activity

In related news, CFO Jennifer Leyden sold 12,342 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock valued at $10,629,182 in the last ninety days. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after acquiring an additional 88,533 shares during the period. State Street Corp raised its holdings in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,135 shares during the period. Bank of New York Mellon Corp acquired a new stake in Getty Images in the second quarter valued at about $910,000. Finally, FMR LLC boosted its holdings in Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Images

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.