Benchmark Cuts Getty Images (NYSE:GETY) Price Target to $4.50

Getty Images (NYSE:GETY) had its target price decreased by Benchmark from $6.00 to $4.50 in a research report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Macquarie reissued a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.24.

Getty Images Stock Down 2.0 %

Getty Images stock opened at $2.21 on Tuesday. Getty Images has a 1-year low of $1.90 and a 1-year high of $5.00. The firm has a market capitalization of $906.42 million, a price-to-earnings ratio of 18.38 and a beta of 1.97. The firm’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $2.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were 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. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,521 shares of company stock valued at $155,146. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several large investors have recently modified their holdings of GETY. BNP Paribas Financial Markets purchased a new position in shares of Getty Images in the fourth quarter worth about $27,000. Aristeia Capital L.L.C. purchased a new position in Getty Images during the fourth quarter valued at approximately $28,000. Ameriprise Financial Inc. purchased a new position in Getty Images during the fourth quarter valued at approximately $28,000. Virtu Financial LLC purchased a new position in Getty Images during the fourth quarter valued at approximately $33,000. Finally, Oxford Asset Management LLP purchased a new position in Getty Images during the fourth quarter valued at approximately $33,000. 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.