Getty Images’ (GETY) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Getty Images (NYSE:GETY) in a report issued on Thursday,RTT News reports. They currently have a $7.70 price objective on the stock.

Several other equities analysts have also weighed in on GETY. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Friday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 target price 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 issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Price Performance

NYSE GETY opened at $2.02 on Thursday. 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 stock has a market capitalization of $828.32 million, a PE ratio of 16.79 and a beta of 1.97. Getty Images has a 12-month low of $1.90 and a 12-month high of $5.70. The company has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $3.04.

Insider Activity

In related news, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were 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 directly owns 261,034 shares in the company, valued at $574,274.80. This represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GETY. BNP Paribas Financial Markets acquired a new stake in Getty Images during the fourth quarter worth about $27,000. Aristeia Capital L.L.C. bought a new stake in shares of Getty Images in the 4th quarter worth approximately $28,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images during the 4th quarter worth approximately $28,000. Virtu Financial LLC bought a new stake in shares of Getty Images during the fourth quarter valued at approximately $33,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Getty Images in the fourth quarter valued at $33,000. Institutional investors own 45.75% of the company’s stock.

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.