Getty Images' (GETY) "Buy" Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Getty Images (NYSE:GETY - Free Report) in a research note issued to investors on Friday,Benzinga reports. Benchmark currently has a $6.00 target price on the stock.

GETY has been the subject of several other research reports. Wedbush reaffirmed an "outperform" rating and set a $7.70 price target on shares of Getty Images in a research report on Tuesday. JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Macquarie reissued a "neutral" rating and issued a $3.75 target price on shares of Getty Images in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Getty Images has an average rating of "Hold" and a consensus price target of $5.61.

Getty Images Price Performance

Shares of GETY remained flat at $2.63 on Friday. 3,437,580 shares of the company traded hands, compared to its average volume of 15,365,544. Getty Images has a fifty-two week low of $2.06 and a fifty-two week high of $5.77. The firm has a 50-day moving average price of $2.87 and a 200 day moving average price of $3.33. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Insider Activity at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 4,266,876 shares of company stock worth $10,629,182 in the last 90 days. 12.30% of the stock is currently owned by company insiders.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in Getty Images during the second quarter worth approximately $44,000. Intech Investment Management LLC bought a new position in Getty Images during the third quarter valued at about $44,000. Aigen Investment Management LP acquired a new position in Getty Images during the third quarter worth about $48,000. Renaissance Technologies LLC bought a new stake in Getty Images in the second quarter worth about $91,000. Finally, Verition Fund Management LLC acquired a new stake in Getty Images in the 3rd quarter valued at about $96,000. 45.75% of the stock is currently owned by 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.