Benchmark Has Lowered Expectations for Getty Images (NYSE:GETY) Stock Price

Getty Images (NYSE:GETY - Free Report) had its target price trimmed by Benchmark from $6.00 to $4.50 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on GETY. Wedbush reiterated an "outperform" rating and issued a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Macquarie reiterated a "neutral" rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.24.

Getty Images Stock Performance

NYSE GETY traded up $0.03 on Tuesday, reaching $2.22. The stock had a trading volume of 1,437,172 shares, compared to its average volume of 1,091,761. 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 12-month low of $1.90 and a 12-month high of $4.49. The business's 50-day moving average price is $2.42 and its 200 day moving average price is $2.96. The stock has a market cap of $913.84 million, a P/E ratio of 18.46 and a beta of 1.97.

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Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to analysts' expectations of $245.50 million. The business's revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Getty Images will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of Getty Images 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 owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now owns 261,034 shares of the company's stock, valued at approximately $574,274.80. This represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,521 shares of company stock valued at $155,146. Insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company's stock valued at $2,000,000 after buying an additional 58,135 shares during the period. Franklin Resources Inc. purchased a new stake in Getty Images in the 3rd quarter valued at about $221,000. Barclays PLC grew its holdings in Getty Images by 47.1% in the 3rd quarter. Barclays PLC now owns 156,216 shares of the company's stock valued at $596,000 after buying an additional 49,995 shares during the period. Jane Street Group LLC lifted its stake in shares of Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company's stock valued at $258,000 after purchasing an additional 39,477 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after purchasing an additional 466,521 shares in the last quarter. 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.