Getty Images’ (GETY) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Getty Images (NYSE:GETY) in a report published on Tuesday morning,RTT News reports. Wedbush currently has a $7.70 price objective on the stock.

Several other analysts have also issued reports on GETY. Macquarie upped their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. restated 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 given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Price Performance

Shares of Getty Images stock opened at $2.61 on Tuesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a 52-week low of $2.06 and a 52-week high of $5.77. The company has a fifty day moving average of $2.87 and a 200-day moving average of $3.33. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93.

Insider Activity

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22. Following the transaction, the director now directly owns 9,846,814 shares of the company’s stock, valued at approximately $39,485,724.14. The trade was a 0.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Warren Peters sold 32,753 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 $72,056.60. Following the completion of 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. Over the last ninety days, insiders sold 4,266,876 shares of company stock valued at $10,629,182. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after acquiring an additional 7,267 shares in the last quarter. FMR LLC boosted its position in shares of Getty Images by 5.0% during the third 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. CIBC Asset Management Inc purchased a new stake in Getty Images in the second quarter worth $36,000. Intech Investment Management LLC bought a new position in Getty Images in the third quarter worth $44,000. Finally, Aigen Investment Management LP purchased a new position in Getty Images during the third quarter valued at $48,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.