Getty Images (NYSE:GETY) Given “Neutral” Rating at Macquarie

Macquarie reiterated their neutral rating on shares of Getty Images (NYSE:GETY) in a report released on Wednesday morning,Benzinga reports. Macquarie currently has a $3.75 target price on the stock.

GETY has been the topic of a number of other reports. Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.61.

Getty Images Stock Performance

GETY stock opened at $2.61 on Wednesday. The business has a 50 day moving average of $2.90 and a 200-day moving average of $3.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images has a 12-month low of $2.06 and a 12-month high of $5.77. The firm has a market cap of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93.

Insider Activity at Getty Images

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chinh Chu sold 8,243 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $4.01, for a total transaction of $33,054.43. Following the completion of the transaction, the director now owns 9,795,163 shares of the company’s stock, valued at $39,278,603.63. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,266,876 shares of company stock worth $10,629,182. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc bought a new stake in Getty Images during the second quarter valued at $36,000. Intech Investment Management LLC purchased a new position in shares of Getty Images during the third quarter worth about $44,000. Aigen Investment Management LP bought a new position in shares of Getty Images in the third quarter worth approximately $48,000. Principal Financial Group Inc. purchased a new stake in Getty Images in the second quarter valued at approximately $44,000. Finally, Verition Fund Management LLC bought a new stake in Getty Images during the third quarter valued at approximately $96,000. Institutional investors 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.