Getty Images' (GETY) Underweight Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan reaffirmed its “underweight” rating on Getty Images, while the broader analyst consensus remains “Reduce” with a $3.92 target price.
• Getty Images shares opened at $0.27, near their $0.23 one-year low, and remain well below their 50-day and 200-day moving averages.
• The company reported a quarterly loss of $0.21 per share and revenue of $229.1 million, below the $235.2 million consensus estimate; profitability metrics also remained negative.

Getty Images (NYSE:GETY - Get Free Report)'s stock had its "underweight" rating restated by analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Benzinga reports.

Other equities analysts have also recently issued reports about the company. Benchmark reiterated a "hold" rating on shares of Getty Images in a report on Tuesday, August 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Getty Images in a research report on Friday, August 7th. Finally, Zacks Research upgraded Getty Images from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Getty Images currently has an average rating of "Reduce" and a consensus target price of $3.92.

Getty Images Stock Up 3.8%

Shares of Getty Images stock opened at $0.27 on Friday. The stock's 50-day moving average is $0.42 and its 200 day moving average is $0.69. Getty Images has a one year low of $0.23 and a one year high of $3.21. The firm has a market cap of $112.00 million, a price-to-earnings ratio of -0.69 and a beta of 2.07. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78.

Getty Images (NYSE:GETY - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.21) earnings per share for the quarter. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%.The business had revenue of $229.10 million during the quarter, compared to the consensus estimate of $235.23 million.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 33,143 shares of the business's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $0.94, for a total value of $31,154.42. Following the sale, the senior vice president directly owned 162,904 shares in the company, valued at $153,129.76. The trade was a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 95,255 shares of company stock valued at $90,443 over the last three months. Company insiders own 9.30% of the company's stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of GETY. Koch Inc. grew its holdings in shares of Getty Images by 42.8% during the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company's stock worth $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in Getty Images during the fourth quarter valued at about $35,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Getty Images during the 4th quarter valued at about $335,000. Weiss Asset Management LP lifted its position in Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company's stock worth $685,000 after buying an additional 656,790 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Getty Images during the fourth quarter worth approximately $91,000. 45.75% of the stock is currently owned by institutional investors.

About Getty Images

Getty Images NYSE: GETY is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.

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