Getty Images (NYSE:GETY) Receives Neutral Rating from Citigroup

Citigroup reiterated their neutral rating on shares of Getty Images (NYSE:GETY) in a report released on Monday morning, MarketBeat Ratings reports. Citigroup currently has a $2.45 target price on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Benchmark cut their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. Finally, Macquarie reissued a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.60.

Getty Images Stock Down 0.2 %

NYSE GETY opened at $2.19 on Monday. Getty Images has a 12 month low of $1.90 and a 12 month high of $4.49. The stock’s 50 day moving average is $2.42 and its 200 day moving average is $2.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $901.46 million, a PE ratio of 18.21 and a beta of 1.97.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Getty Images will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Getty Images

A number of large investors have recently made changes to their positions in the business. Koch Inc. acquired a new position in Getty Images during the 4th quarter valued at approximately $183,865,000. Toronto Dominion Bank acquired a new position in shares of Getty Images in the fourth quarter worth about $3,553,000. Vanguard Group Inc. raised its holdings 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 during the period. State Street Corp lifted its position in shares of Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Getty Images by 71.2% during the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock valued at $761,000 after purchasing an additional 146,576 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

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.