Getty Images (NYSE:GETY) Downgraded by Benchmark to Hold

Benchmark lowered shares of Getty Images (NYSE:GETY) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Benchmark currently has $3.50 price objective on the stock.

A number of other research firms have also recently weighed in on GETY. Wall Street Zen cut shares of Getty Images from a “buy” rating to a “sell” rating in a report on Thursday, May 22nd. Wedbush upgraded shares of Getty Images to a “strong-buy” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Getty Images has an average rating of “Hold” and an average target price of $4.03.

Getty Images Trading Down 2.6%

NYSE GETY opened at $1.67 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $690.66 million, a price-to-earnings ratio of -5.95 and a beta of 1.87. The company’s 50-day simple moving average is $1.77 and its two-hundred day simple moving average is $1.93. Getty Images has a one year low of $1.25 and a one year high of $4.49.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The business had revenue of $234.88 million for the quarter, compared to analysts’ expectations of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.19%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. Equities analysts forecast that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares in the company, valued at $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 80,010 shares of company stock valued at $141,618. 11.20% of the stock is currently owned by company insiders.

Institutional Trading of Getty Images

Institutional investors have recently bought and sold shares of the stock. Koch Inc. acquired a new stake in Getty Images in the 4th quarter worth approximately $174,385,000. Wells Fargo & Company MN boosted its stake in Getty Images by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 49,378 shares of the company’s stock worth $107,000 after purchasing an additional 15,978 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Getty Images by 24.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company’s stock worth $138,000 after purchasing an additional 12,542 shares in the last quarter. Vanguard Group Inc. boosted its stake in Getty Images by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after purchasing an additional 698,829 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Getty Images in the 4th quarter worth approximately $3,553,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.