Wedbush Reaffirms Outperform Rating for Getty Images (NYSE:GETY)

Wedbush reaffirmed their outperform rating on shares of Getty Images (NYSE:GETY) in a research note released on Tuesday morning,RTT News reports. They currently have a $7.70 target price on the stock.

Several other equities analysts have also issued reports on GETY. Macquarie lifted their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One 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. Based on data from MarketBeat, Getty Images currently has an average rating of “Hold” and an average target price of $5.61.

Getty Images Stock Down 18.2 %

GETY stock opened at $2.61 on Tuesday. 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 business has a 50 day moving average of $2.87 and a 200 day moving average of $3.33. Getty Images has a twelve month low of $2.06 and a twelve month high of $5.77. The firm has a market cap of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93.

Insider Activity at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chinh Chu sold 17,122 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares in the company, valued at $39,485,724.14. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock valued at $10,629,182 over the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after purchasing an additional 88,533 shares during the last quarter. State Street Corp lifted its stake in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Getty Images during the second quarter valued at approximately $910,000. Finally, FMR LLC grew its position in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares during the period. Hedge funds and other 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.