Getty Images’ (GETY) “Neutral” Rating Reiterated at Macquarie

Macquarie restated their neutral rating on shares of Getty Images (NYSE:GETY) in a research report report published on Wednesday,Benzinga reports. They currently have a $3.75 price objective on the stock.

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

Getty Images Stock Performance

GETY stock opened at $2.63 on Wednesday. Getty Images has a one year low of $2.06 and a one year high of $5.77. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93. The company has a fifty day moving average price of $2.87 and a two-hundred day moving average price of $3.33. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Activity

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the transaction, the director now directly owns 9,706,670 shares in the company, valued at $39,312,013.50. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc acquired a new position in shares of Getty Images in the second quarter valued at approximately $36,000. Intech Investment Management LLC acquired a new position in Getty Images in the 3rd quarter valued at approximately $44,000. Aigen Investment Management LP bought a new position in shares of Getty Images during the third quarter valued at $48,000. Principal Financial Group Inc. acquired a new position in shares of Getty Images during the second quarter worth $44,000. Finally, Verition Fund Management LLC bought a new stake in shares of Getty Images in the third quarter worth $96,000. Institutional investors own 45.75% of the company’s stock.

About Getty Images

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.