Wedbush Reiterates "Outperform" Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Wedbush in a report issued on Tuesday,RTT News reports. They presently have a $7.70 price objective on the stock. Wedbush's target price suggests a potential upside of 302.09% from the company's current price.

A number of other equities analysts have also recently issued reports on GETY. Macquarie reiterated a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Benchmark cut their target price on shares of Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup reissued a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.60.

Getty Images Price Performance

NYSE GETY traded down $0.05 during trading hours on Tuesday, hitting $1.92. The company had a trading volume of 139,059 shares, compared to its average volume of 1,159,189. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $790.07 million, a price-to-earnings ratio of 15.96 and a beta of 1.98. Getty Images has a 52 week low of $1.25 and a 52 week high of $4.49. The firm has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.52.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. Getty Images's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that Getty Images will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In other Getty Images news, SVP Cho Mikael sold 18,590 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. This trade represents a 13.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Nathaniel Gandert sold 15,859 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $33,621.08. Following the completion of the transaction, the chief technology officer now owns 534,377 shares of the company's stock, valued at $1,132,879.24. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock valued at $480,536 in the last 90 days. Corporate insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in Getty Images during the 4th quarter valued at $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images in the fourth quarter valued at about $28,000. Ameriprise Financial Inc. purchased a new position in Getty Images in the fourth quarter worth about $28,000. Virtu Financial LLC purchased a new stake in shares of Getty Images during the 4th quarter valued at about $33,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Getty Images in the fourth quarter worth approximately $33,000. Institutional investors own 45.75% of the company's stock.

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.

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