Macquarie Issues Positive Forecast for Getty Images (NYSE:GETY) Stock Price

Getty Images (NYSE:GETY) had its price target raised by Macquarie from $3.50 to $3.75 in a report released on Wednesday,Benzinga reports. Macquarie currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on GETY. Citigroup decreased their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th.

Getty Images Trading Down 2.5 %

Shares of GETY stock opened at $3.10 on Wednesday. The stock has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.62. Getty Images has a 1-year low of $2.88 and a 1-year high of $5.77. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 25.83 and a beta of 2.02. 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 Buying and Selling

In other Getty Images news, CFO Jennifer Leyden sold 12,124 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $43,767.64. Following the transaction, the chief financial officer now directly owns 273,376 shares of the company’s stock, valued at $986,887.36. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 17,122 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total value of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares of the company’s stock, valued at $39,485,724.14. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,427 shares of company stock worth $652,130. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC grew its holdings in Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after buying an additional 4,500 shares in the last quarter. Natixis acquired a new stake in Getty Images during the first quarter worth about $42,000. Spartan Fund Management Inc. purchased a new position in Getty Images during the second quarter worth about $33,000. CIBC Asset Management Inc purchased a new position in Getty Images during the second quarter worth about $36,000. Finally, EntryPoint Capital LLC acquired a new position in Getty Images in the 1st quarter valued at about $47,000. Hedge funds and other 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.