Getty Images (NYSE:GETY) Receives Neutral Rating from Macquarie

Macquarie restated their neutral rating on shares of Getty Images (NYSE:GETY) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $3.75 target price on the stock.

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

Getty Images Price Performance

GETY stock opened at $2.61 on Wednesday. Getty Images has a 1 year low of $2.06 and a 1 year high of $5.77. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93. The company has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $3.34.

Insider Buying and Selling at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images 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 owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new position in Getty Images in the 3rd quarter valued at about $221,000. Barclays PLC raised its stake in shares of Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after purchasing an additional 88,533 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Getty Images by 139.8% during the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after buying an additional 39,477 shares during the last quarter. Finally, State Street Corp grew its holdings in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors.

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.