Getty Images Holdings, Inc. (NYSE:GETY) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Analyst sentiment is bearish: Six brokerages give Getty Images an average “Reduce” rating, with two sells, three holds and one buy. The average 12-month price target is $3.925.
• Getty Images shares recently traded at $0.26, near their 52-week low of $0.23, with the stock well below its 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 $235.23 million analyst estimate; it also posted negative net margin and return on equity.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) has received an average recommendation of "Reduce" from the six research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.9250.

GETY has been the subject of a number of research reports. Zacks Research upgraded shares of Getty Images from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of Getty Images in a research note on Tuesday, August 11th. Weiss Ratings restated a "sell (e+)" rating on shares of Getty Images in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a research note on Friday.

Getty Images Price Performance

Shares of Getty Images stock traded down $0.01 on Friday, hitting $0.26. The company had a trading volume of 168,922 shares, compared to its average volume of 4,548,314. The business has a 50-day simple moving average of $0.42 and a 200-day simple moving average of $0.69. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $107.02 million, a PE ratio of -0.66 and a beta of 2.07. Getty Images has a 52 week low of $0.23 and a 52 week high of $3.21.

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

Insider Activity

In related news, SVP Cho Mikael sold 33,143 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $31,154.42. Following the completion of the sale, the senior vice president directly owned 162,904 shares in the company, valued at approximately $153,129.76. This represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 95,255 shares of company stock valued at $90,443. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Getty Images

A number of large investors have recently added to or reduced their stakes in GETY. Koch Inc. boosted its holdings in Getty Images by 42.8% during the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company's stock valued at $154,447,000 after acquiring an additional 34,525,639 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company's stock valued at $4,041,000 after purchasing an additional 742,008 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $3,071,000. Geode Capital Management LLC increased its holdings in shares of Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company's stock valued at $3,099,000 after purchasing an additional 228,532 shares in the last quarter. Finally, Millennium Management LLC raised its position in Getty Images by 160.7% in the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company's stock worth $2,051,000 after purchasing an additional 943,567 shares during the last quarter. Institutional investors own 45.75% of the company's stock.

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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