Getty Images Holdings, Inc. (NYSE:GETY) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have earned a consensus recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.92.

Several equities research analysts have commented on GETY shares. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a research note on Friday, August 7th. Benchmark reiterated a “hold” rating on shares of Getty Images in a research report on Tuesday, August 11th. JPMorgan Chase & Co. began coverage on Getty Images in a report on Friday, September 11th. They issued an “underweight” rating for the company. Finally, Zacks Research upgraded Getty Images to a “hold” rating in a research report on Tuesday, September 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Alpine Global Management LLC bought a new stake in Getty Images in the fourth quarter worth about $98,000. Engineers Gate Manager LP boosted its position in shares of Getty Images by 77.7% during the 2nd quarter. Engineers Gate Manager LP now owns 213,716 shares of the company’s stock valued at $184,000 after purchasing an additional 93,422 shares in the last quarter. Callodine Capital Management LP boosted its position in shares of Getty Images by 20.0% during the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock valued at $476,000 after purchasing an additional 100,000 shares in the last quarter. Ionic Capital Management LLC acquired a new position in shares of Getty Images in the 4th quarter worth approximately $248,000. Finally, Weiss Asset Management LP raised its holdings in shares of Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after purchasing an additional 656,790 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Price Performance

GETY opened at $0.05 on Tuesday. The firm has a market cap of $19.87 million, a price-to-earnings ratio of -0.12 and a beta of 2.21. Getty Images has a fifty-two week low of $0.04 and a fifty-two week high of $3.21. The company’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.60. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.67.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter. The company had revenue of $229.10 million during the quarter, compared to analyst estimates of $235.23 million. Getty Images had a negative net margin of 16.24% and a negative return on equity of 26.82%. As a group, sell-side analysts expect that Getty Images will post -0.15 earnings per share for the current year.

Getty Images Company Profile

Getty Images Holdings, Inc is a global visual communications company that provides licensed photography, video, music and other visual content to businesses, media organizations, advertising agencies and consumers. Its content is used for editorial, commercial, advertising, entertainment and creative applications.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Its offerings include royalty-free and rights-managed creative content, editorial photographs and video, archival collections, custom visual content services, and tools that help customers search for, license and use visual assets.