Macquarie Reaffirms Neutral Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Macquarie in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $3.75 price objective on the stock. Macquarie’s price objective would indicate a potential upside of 17.92% from the company’s current price.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Getty Images has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Trading Up 23.7 %

Shares of Getty Images stock opened at $3.18 on Wednesday. The company has a 50-day moving average of $2.93 and a two-hundred day moving average of $3.34. Getty Images has a 12-month low of $2.06 and a 12-month high of $5.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.31 billion, a PE ratio of 26.50 and a beta of 1.93.

Insider Activity

In related news, Director Chinh Chu sold 8,243 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $4.01, for a total transaction of $33,054.43. Following the transaction, the director now owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock worth $10,629,182 over the last three months. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently added to or reduced their stakes in GETY. CIBC Asset Management Inc purchased a new stake in Getty Images in the 2nd quarter valued at about $36,000. Intech Investment Management LLC acquired a new stake in shares of Getty Images in the third quarter worth approximately $44,000. Principal Financial Group Inc. purchased a new stake in Getty Images in the second quarter valued at approximately $44,000. Aigen Investment Management LP acquired a new position in Getty Images during the third quarter worth approximately $48,000. Finally, Renaissance Technologies LLC purchased a new position in Getty Images during the second quarter worth approximately $91,000. 45.75% of the stock is currently 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.