Getty Images (NYSE:GETY) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Getty Images to “Hold,” while the broader analyst consensus remains “Reduce,” with an average price target of $3.92.
• Getty Images shares opened at $0.23, near their 52-week low of $0.21, with a market capitalization of approximately $95.8 million and a debt-to-equity ratio of 2.67.
• The company reported a quarterly loss of $0.21 per share and revenue of $229.1 million, below analysts’ $235.2 million estimate; analysts expect a full-year loss of $0.15 per share.

Getty Images (NYSE:GETY - Get Free Report) was upgraded by equities researchers at Zacks Research to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other brokerages have also issued reports on GETY. JPMorgan Chase & Co. started coverage on Getty Images in a research note on Friday, September 11th. They issued an "underweight" rating for the company. Benchmark reiterated a "hold" rating on shares of Getty Images in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Getty Images in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Getty Images has a consensus rating of "Reduce" and an average target price of $3.92.

Getty Images Stock Up 1.0%

NYSE:GETY opened at $0.23 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.67. Getty Images has a twelve month low of $0.21 and a twelve month high of $3.21. The company has a market cap of $95.82 million, a PE ratio of -0.59 and a beta of 2.07. The company's 50 day moving average is $0.37 and its two-hundred day moving average is $0.68.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $229.10 million during the quarter, compared to analysts' expectations of $235.23 million. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%. Analysts anticipate that Getty Images will post -0.15 EPS for the current year.

Insider Activity

In related news, SVP Cho Mikael sold 59,604 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $0.94, for a total transaction of $56,027.76. Following the completion of the transaction, the senior vice president directly owned 121,650 shares in the company, valued at $114,351. The trade was a 32.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 95,255 shares of company stock worth $90,443 over the last three months. Company insiders own 9.30% of the company's stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP increased its stake in Getty Images by 77.7% during the 2nd quarter. Engineers Gate Manager LP now owns 213,716 shares of the company's stock worth $184,000 after buying an additional 93,422 shares in the last quarter. Weiss Asset Management LP boosted its stake in shares of Getty Images by 318.5% in the first quarter. Weiss Asset Management LP now owns 863,035 shares of the company's stock worth $685,000 after acquiring an additional 656,790 shares during the last quarter. Callodine Capital Management LP increased its position in shares of Getty Images by 20.0% during the first quarter. Callodine Capital Management LP now owns 600,000 shares of the company's stock worth $476,000 after purchasing an additional 100,000 shares in the last quarter. Alpine Global Management LLC acquired a new position in Getty Images in the 4th quarter valued at $98,000. Finally, Ionic Capital Management LLC acquired a new position in Getty Images in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Getty Images Company Profile

Getty Images Holdings, Inc is a visual content company that provides stock photography, illustrations, video, music and other digital media for commercial and editorial use. Its content is used by businesses, advertising agencies, media organizations, publishers and creative professionals for marketing, communications, news and entertainment projects.

The company operates through well-known brands including Getty Images, iStock and Unsplash. Getty Images offers premium creative and editorial content, while iStock provides licensed visual assets aimed at a broad range of businesses and creators.

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