Getty Images (NYSE:GETY - Get Free Report)'s stock had its "outperform" rating reiterated by Wedbush in a research report issued on Thursday,RTT News reports. They presently have a $7.70 target price on the stock. Wedbush's target price indicates a potential upside of 282.13% from the stock's previous close.
GETY has been the topic of a number of other reports. Macquarie restated a "neutral" rating and set a $3.75 target price on shares of Getty Images in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Getty Images in a report on Friday, January 10th. One equities 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.com, the stock has an average rating of "Hold" and an average target price of $5.61.
View Our Latest Stock Analysis on Getty Images
Getty Images Price Performance
Shares of NYSE:GETY traded down $0.04 on Thursday, hitting $2.02. The stock had a trading volume of 812,844 shares, compared to its average volume of 3,364,096. The firm's 50 day moving average price is $2.48 and its 200-day moving average price is $3.04. The company has a market capitalization of $828.32 million, a price-to-earnings ratio of 16.79 and a beta of 1.97. 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 twelve month low of $1.90 and a twelve month high of $5.70.
Insider Buying and Selling at Getty Images
In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares in the company, valued at $574,274.80. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the firm'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 completion of the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,521 shares of company stock valued at $155,146 in the last quarter. 12.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Koch Inc. bought a new position in shares of Getty Images in the fourth quarter worth $183,865,000. Vanguard Group Inc. boosted its stake in Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock valued at $22,087,000 after buying an additional 698,829 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Getty Images by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock valued at $3,620,000 after purchasing an additional 11,680 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of Getty Images during the fourth quarter valued at about $3,553,000. Finally, State Street Corp boosted its stake in shares of Getty Images by 46.3% during the third 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. Institutional investors own 45.75% of the company's stock.
Getty Images Company Profile
(
Get Free Report)
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.
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