Getty Images' (GETY) Neutral Rating Reaffirmed at Macquarie

Macquarie reiterated their neutral rating on shares of Getty Images (NYSE:GETY - Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $3.75 price target on the stock.

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

Getty Images Stock Performance

NYSE:GETY traded down $0.58 during mid-day trading on Wednesday, hitting $2.61. 12,318,520 shares of the stock were exchanged, compared to its average volume of 17,738,850. The firm's 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.34. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93. Getty Images has a fifty-two week low of $2.06 and a fifty-two week high of $5.77. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Insider Buying and Selling

In other 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 value of $10,086,000.00. Following the transaction, the insider now owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 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 $72,056.60. Following the transaction, the chief executive officer now directly owns 1,212,648 shares of the company's stock, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,266,876 shares of company stock valued at $10,629,182 over the last quarter. 12.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc bought a new position in shares of Getty Images in the 2nd quarter valued at $36,000. Intech Investment Management LLC acquired a new position in shares of Getty Images in the third quarter valued at approximately $44,000. Aigen Investment Management LP bought a new position in Getty Images in the 3rd quarter valued at approximately $48,000. Principal Financial Group Inc. acquired a new stake in Getty Images during the 2nd quarter worth approximately $44,000. Finally, Verition Fund Management LLC acquired a new stake in Getty Images in the third quarter valued at $96,000. 45.75% of the stock is 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.