Getty Images (NYSE:GETY) Receives Buy Rating from Benchmark

Getty Images (NYSE:GETY)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued on Tuesday, Benzinga reports. They presently have a $6.00 target price on the stock. Benchmark’s price objective would suggest a potential upside of 91.69% from the stock’s current price.

GETY has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Monday, May 6th. Macquarie reduced their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Monday. Finally, Citigroup lowered their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Getty Images presently has a consensus rating of “Moderate Buy” and an average target price of $5.66.

Getty Images Trading Up 3.0 %

NYSE GETY traded up $0.09 on Tuesday, hitting $3.13. 109,633 shares of the company were exchanged, compared to its average volume of 550,396. The company’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.95. The firm has a market capitalization of $1.28 billion, a P/E ratio of 52.17 and a beta of 2.05. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86. Getty Images has a twelve month low of $2.88 and a twelve month high of $7.35.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The company had revenue of $229.14 million during the quarter, compared to analyst estimates of $228.42 million. The firm’s revenue was up 1.5% compared to the same quarter last year. Analysts predict that Getty Images will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 32,977 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $106,515.71. Following the transaction, the chief executive officer now owns 1,211,071 shares in the company, valued at approximately $3,911,759.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Getty Images news, CEO Craig Warren Peters sold 32,977 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $106,515.71. Following the completion of the transaction, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at $3,911,759.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $26,721.79. Following the sale, the general counsel now directly owns 246,750 shares of the company’s stock, valued at approximately $797,002.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,378 shares of company stock valued at $262,851. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Getty Images by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after acquiring an additional 4,281 shares during the period. Byrne Asset Management LLC lifted its position in shares of Getty Images by 95.7% during the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after acquiring an additional 4,500 shares during the period. Dimensional Fund Advisors LP lifted its position in Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares during the period. Spartan Fund Management Inc. bought a new stake in shares of Getty Images during the 2nd quarter worth approximately $33,000. Finally, Natixis acquired a new position in Getty Images during the first quarter valued at approximately $42,000. Institutional investors and hedge funds 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.