Getty Images (NYSE:GETY) Receives Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Getty Images (NYSE:GETY - Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports.

Separately, Macquarie raised their target price on shares of Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Getty Images has an average rating of "Hold" and an average price target of $5.61.

Getty Images Stock Down 10.9 %

NYSE GETY traded down $0.28 during trading hours on Wednesday, hitting $2.29. 729,523 shares of the company traded hands, compared to its average volume of 485,112. The stock has a market capitalization of $941.36 million, a price-to-earnings ratio of 19.08 and a beta of 1.86. Getty Images has a twelve month low of $2.26 and a twelve month high of $5.77. The business's 50-day moving average is $3.37 and its 200-day moving average is $3.47. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 32,170 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 4,269,927 shares of company stock valued at $10,739,630 over the last 90 days. 12.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

A number of large investors have recently made changes to their positions in GETY. Nisa Investment Advisors LLC bought a new stake in Getty Images in the 2nd quarter valued at $49,000. Bank of New York Mellon Corp bought a new stake in shares of Getty Images in the second quarter valued at about $910,000. Principal Financial Group Inc. acquired a new position in shares of Getty Images in the second quarter valued at about $44,000. Spartan Fund Management Inc. bought a new position in Getty Images during the second quarter worth about $33,000. Finally, CIBC Asset Management Inc acquired a new stake in Getty Images in the 2nd quarter worth about $36,000. 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.