Analysts Set Getty Images Holdings, Inc. (NYSE:GETY) Price Target at $6.08

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.08.

A number of research firms have weighed in on GETY. Citigroup upped their target price on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Benchmark decreased their price target on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Monday, May 6th.

Getty Images Trading Up 2.5 %

Shares of GETY opened at $3.26 on Wednesday. Getty Images has a fifty-two week low of $2.93 and a fifty-two week high of $7.35. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 54.33 and a beta of 2.09. The firm has a 50 day moving average price of $3.66 and a 200-day moving average price of $4.26. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86.

Getty Images (NYSE:GETY) last issued its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The company had revenue of $222.28 million during the quarter, compared to analysts’ expectations of $223.29 million. As a group, equities research analysts forecast that Getty Images will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Chinh Chu sold 88,573 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $4.11, for a total value of $364,035.03. Following the completion of the transaction, the director now directly owns 8,608,225 shares in the company, valued at approximately $35,379,804.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the 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 $26,721.79. Following the transaction, the general counsel now owns 246,750 shares in the company, valued at $797,002.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chinh Chu sold 88,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.11, for a total transaction of $364,035.03. Following the completion of the sale, the director now owns 8,608,225 shares in the company, valued at approximately $35,379,804.75. The disclosure for this sale can be found here. Insiders have sold a total of 256,432 shares of company stock worth $974,829 in the last quarter. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in GETY. Vanguard Group Inc. bought a new stake in Getty Images during the third quarter valued at approximately $52,554,000. EULAV Asset Management grew its holdings in Getty Images by 37.5% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 150,000 shares during the period. Victory Capital Management Inc. increased its position in 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 in the last quarter. Fifth Lane Capital LP bought a new position in shares of Getty Images in the first quarter worth about $104,000. Finally, Kessler Investment Group LLC purchased a new position in shares of Getty Images during the 1st quarter valued at about $89,000. 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.