Wedbush Reiterates “Outperform” Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating restated by analysts at Wedbush in a report issued on Monday, RTT News reports. They presently have a $7.70 target price on the stock. Wedbush’s target price would indicate a potential upside of 87.80% from the company’s current price.

GETY has been the subject of several other reports. Citigroup lifted their price target on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Benchmark boosted their target price on Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.35.

Getty Images Stock Up 2.0 %

Shares of Getty Images stock opened at $4.10 on Monday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 102.50 and a beta of 2.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. Getty Images has a 52-week low of $3.65 and a 52-week high of $7.35. The stock has a 50-day simple moving average of $4.28 and a 200-day simple moving average of $4.57.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $225.94 million during the quarter, compared to analyst estimates of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. On average, equities research analysts expect that Getty Images will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Getty Images

In other news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $4.64, for a total transaction of $153,941.28. Following the completion of the transaction, the senior vice president now directly owns 261,560 shares in the company, valued at $1,213,638.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $4.64, for a total transaction of $153,941.28. Following the completion of the transaction, the senior vice president now directly owns 261,560 shares in the company, valued at $1,213,638.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chinh Chu sold 14,027 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $4.02, for a total value of $56,388.54. Following the sale, the director now owns 8,446,838 shares in the company, valued at $33,956,288.76. The disclosure for this sale can be found here. Insiders sold a total of 1,276,490 shares of company stock worth $5,677,587 over the last three months. 12.30% of the stock is currently owned by insiders.

Institutional Trading of Getty Images

A number of large investors have recently bought and sold shares of GETY. Vanguard Group Inc. bought a new stake in Getty Images in the third quarter valued at $52,554,000. EULAV Asset Management grew its position in Getty Images by 37.5% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 150,000 shares during the period. Wolverine Asset Management LLC grew its position in Getty Images by 124.0% in the third quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock valued at $882,000 after acquiring an additional 75,255 shares during the period. Fifth Lane Capital LP bought a new stake in Getty Images in the first quarter valued at $104,000. Finally, Bank of New York Mellon Corp bought a new position in Getty Images in the third quarter valued at approximately $140,000. 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.