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

Key Points

• Getty Images Holdings, Inc. has received an average consensus rating of "Hold" from five research firms, with one analyst issuing a sell rating and another giving a strong buy rating.
• CEO Craig Warren Peters sold 33,262 shares of Getty Images stock for approximately $58,873, resulting in a 2.53% decrease in his ownership position.
• Institutional investors collectively own 45.75% of Getty Images, with significant purchases made by firms like Koch Inc. and Vanguard Group Inc. in the recent quarters.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.35.

A number of research firms have recently commented on GETY. Wedbush raised Getty Images to a "strong-buy" rating in a research note on Tuesday, July 1st. Wall Street Zen cut Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Benchmark dropped their price objective on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

Insiders Place Their Bets

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the sale, the chief executive officer owned 1,279,686 shares of the company's stock, valued at approximately $2,265,044.22. The trade was a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 80,010 shares of company stock valued at $141,618 over the last three months. 11.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the business. Koch Inc. purchased a new stake in Getty Images during the 4th quarter worth approximately $174,385,000. Invenomic Capital Management LP purchased a new stake in Getty Images during the 1st quarter worth approximately $4,646,000. Toronto Dominion Bank purchased a new stake in Getty Images during the 4th quarter worth approximately $3,553,000. Vanguard Group Inc. increased its stake in Getty Images by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after buying an additional 698,829 shares in the last quarter. Finally, TIG Advisors LLC purchased a new stake in Getty Images during the 1st quarter worth approximately $654,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

Getty Images Price Performance

NYSE:GETY opened at $1.75 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $723.84 million, a P/E ratio of -9.18 and a beta of 1.87. Getty Images has a 12 month low of $1.25 and a 12 month high of $4.49. The business's 50-day moving average is $1.77 and its 200 day moving average is $1.97.

Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.17). Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The company had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. During the same quarter last year, the company earned $0.03 earnings per share. The company's revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts forecast that Getty Images will post 0.08 earnings per share for the current fiscal year.

About Getty Images

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.

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