Getty Images (NYSE:GETY) PT Lowered to $6.00

Getty Images (NYSE:GETY - Free Report) had its price target trimmed by Benchmark from $8.00 to $6.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

GETY has been the topic of several other reports. Citigroup raised their target price on Getty Images from $5.50 to $6.00 and gave the stock a buy rating in a research note on Friday, March 15th. Wedbush restated an outperform rating and issued a $7.70 price objective on shares of Getty Images in a report on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Getty Images currently has a consensus rating of Moderate Buy and an average price target of $6.08.

Getty Images Trading Down 8.9 %

NYSE:GETY traded down $0.35 during trading hours on Friday, reaching $3.53. The company's stock had a trading volume of 919,271 shares, compared to its average volume of 389,726. The firm has a 50-day simple moving average of $4.24 and a 200-day simple moving average of $4.56. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. Getty Images has a 1 year low of $3.41 and a 1 year high of $7.35. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 88.75 and a beta of 2.13.

Getty Images (NYSE:GETY - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $225.94 million during the quarter, compared to analyst estimates of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. Research analysts expect that Getty Images will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In related news, CAO Chris Hoel sold 32,663 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total transaction of $163,315.00. Following the sale, the chief accounting officer now directly owns 53,626 shares of the company's stock, valued at approximately $268,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Getty Images news, Director Chinh Chu sold 14,027 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $4.02, for a total transaction of $56,388.54. Following the completion of the sale, the director now directly owns 8,446,838 shares in the company, valued at approximately $33,956,288.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Chris Hoel sold 32,663 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $5.00, for a total value of $163,315.00. Following the completion of the transaction, the chief accounting officer now owns 53,626 shares in the company, valued at $268,130. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,276,490 shares of company stock worth $5,677,587. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Getty Images in the third quarter worth about $26,000. Kessler Investment Group LLC purchased a new stake in Getty Images during the 1st quarter valued at approximately $89,000. Fifth Lane Capital LP bought a new stake in shares of Getty Images during the first quarter valued at approximately $104,000. Corton Capital Inc. grew its stake in Getty Images by 49.3% during the third quarter. Corton Capital Inc. now owns 16,864 shares of the company's stock valued at $109,000 after acquiring an additional 5,571 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Getty Images by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company's stock worth $133,000 after purchasing an additional 4,281 shares in the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.