Benchmark Reiterates “Buy” Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report released on Friday,Benzinga reports. They currently have a $6.00 price objective on the stock. Benchmark’s target price suggests a potential upside of 128.14% from the company’s current price.

A number of other analysts have also recently weighed in on GETY. Macquarie restated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Price Performance

NYSE GETY opened at $2.63 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.08 billion, a PE ratio of 21.92 and a beta of 1.93. The company has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $3.33. Getty Images has a 12-month low of $2.06 and a 12-month high of $5.77.

Insider Buying and Selling

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,266,876 shares of company stock valued at $10,629,182. 12.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Getty Images

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Getty Images in the 2nd quarter valued at $910,000. Rhumbline Advisers acquired a new stake in shares of Getty Images in the 2nd quarter valued at $392,000. Geode Capital Management LLC boosted its stake in shares of Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after purchasing an additional 88,533 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Getty Images in the 3rd quarter valued at $221,000. 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.