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Wedbush Reiterates "Outperform" Rating for Getty Images (NYSE:GETY)

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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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Analyst Recommendations for Getty Images (NYSE:GETY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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