Getty Images (NYSE:GETY) Earns “Outperform” Rating from Wedbush

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating reissued by Wedbush in a research report issued to clients and investors on Tuesday,RTT News reports. They currently have a $7.70 price target on the stock. Wedbush’s price objective points to a potential upside of 195.02% from the company’s current price.

A number of other research firms have also recently commented on GETY. Macquarie boosted their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Getty Images currently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $2.61 on Tuesday. Getty Images has a 1 year low of $2.06 and a 1 year high of $5.77. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day simple moving average is $2.90 and its 200 day simple moving average is $3.34.

Insider Buying and Selling at Getty Images

In related news, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chinh Chu sold 48,400 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the sale, the director now directly owns 9,706,670 shares of the company’s stock, valued at $39,312,013.50. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Getty Images

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after buying an additional 7,267 shares during the period. FMR LLC lifted its stake in shares of Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Getty Images during the 2nd quarter valued at about $36,000. Intech Investment Management LLC acquired a new stake in Getty Images during the third quarter worth approximately $44,000. Finally, Aigen Investment Management LP acquired a new position in Getty Images in the third quarter valued at approximately $48,000. 45.75% of the stock is owned by institutional investors.

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.