Getty Images (NYSE:GETY) Price Target Lowered to $3.50 at Macquarie

Getty Images (NYSE:GETY) had its target price reduced by Macquarie from $4.00 to $3.50 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

GETY has been the topic of a number of other research reports. Wedbush reiterated an outperform rating and set a $7.70 price objective on shares of Getty Images in a research note on Monday, May 6th. Benchmark decreased their price target on Getty Images from $8.00 to $6.00 and set a buy rating for the company in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $5.66.

Getty Images Trading Up 3.9 %

NYSE:GETY opened at $3.32 on Monday. Getty Images has a 1 year low of $2.88 and a 1 year high of $7.35. The business has a fifty day moving average of $3.47 and a 200-day moving average of $3.93. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 55.25 and a beta of 2.05.

Getty Images (NYSE:GETY) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.51%. The company’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Getty Images will post 0.13 earnings per share for the current year.

Insider Activity at Getty Images

In other news, VP Daine Marc Weston sold 10,227 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $33,033.21. Following the completion of the sale, the vice president now directly owns 89,622 shares of the company’s stock, valued at approximately $289,479.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of Getty Images stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares of the company’s stock, valued at $797,002.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daine Marc Weston sold 10,227 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $33,033.21. Following the completion of the sale, the vice president now owns 89,622 shares of the company’s stock, valued at approximately $289,479.06. The disclosure for this sale can be found here. Insiders sold a total of 81,378 shares of company stock valued at $262,851 over the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Getty Images by 20.4% in the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after buying an additional 4,281 shares during the period. Kessler Investment Group LLC acquired a new stake in Getty Images during the 1st quarter worth about $89,000. Fifth Lane Capital LP acquired a new stake in Getty Images during the 1st quarter worth about $104,000. Natixis purchased a new position in Getty Images during the 1st quarter valued at about $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Getty Images in the 1st quarter valued at about $47,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

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.