Getty Images’ (GETY) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Getty Images (NYSE:GETY) in a research note released on Thursday morning,RTT News reports. The brokerage currently has a $7.70 target price on the stock.

Other analysts have also recently issued reports about the company. Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Getty Images in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Trading Down 1.7 %

GETY stock opened at $2.02 on Thursday. Getty Images has a 1-year low of $1.90 and a 1-year high of $5.70. 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 business’s 50 day moving average is $2.48 and its 200-day moving average is $3.04. The firm has a market cap of $828.32 million, a P/E ratio of 16.79 and a beta of 1.97.

Insiders Place Their Bets

In other news, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares in the company, valued at approximately $574,274.80. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in GETY. Charles Schwab Investment Management Inc. boosted its holdings in Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Getty Images in the 3rd quarter valued at about $221,000. Barclays PLC grew its position in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after buying an additional 49,995 shares during the period. Jane Street Group LLC raised its stake in shares of Getty Images by 139.8% during the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after buying an additional 39,477 shares during the last quarter. Finally, State Street Corp lifted its holdings in Getty Images by 46.3% in the third 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 during the period. 45.75% of the stock is 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.