Getty Images Holdings, Inc. (NYSE:GETY) Receives $6.35 Consensus Price Target from Brokerages

Getty Images Holdings, Inc. (NYSE:GETY) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.41.

A number of research firms have recently issued reports on GETY. Benchmark lifted their price objective on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, March 15th. 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. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Monday.

Insider Activity

In related news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of Getty Images stock in a transaction dated 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 owns 261,560 shares in the company, valued at $1,213,638.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Getty Images news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 261,560 shares of the company’s stock, valued at approximately $1,213,638.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter Orlowsky sold 22,579 shares of Getty Images stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $4.96, for a total transaction of $111,991.84. Following the transaction, the senior vice president now directly owns 211,872 shares of the company’s stock, valued at $1,050,885.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,276,490 shares of company stock valued at $5,677,587. 12.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Getty Images during the third quarter worth approximately $26,000. Corton Capital Inc. lifted its holdings in Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after purchasing an additional 5,571 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Getty Images in the 3rd quarter valued at $136,000. Kessler Investment Group LLC acquired a new position in Getty Images in the 1st quarter valued at $89,000. Finally, Bank of New York Mellon Corp bought a new position in Getty Images during the 3rd quarter worth $140,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Trading Up 1.9 %

NYSE:GETY opened at $3.85 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day simple moving average is $4.24 and its 200-day simple moving average is $4.56. Getty Images has a fifty-two week low of $3.65 and a fifty-two week high of $7.35. The stock has a market capitalization of $1.57 billion, a PE ratio of 96.25 and a beta of 2.13.

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

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.