Getty Images’ (GETY) “Neutral” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Getty Images (NYSE:GETY) in a report released on Monday morning, MarketBeat reports. Citigroup currently has a $2.45 price target on the stock.

Several other brokerages also recently issued reports on GETY. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Benchmark dropped their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Finally, Macquarie reiterated a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.60.

Getty Images Stock Down 4.1 %

Shares of NYSE:GETY opened at $1.98 on Monday. The stock has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.93. The stock has a market capitalization of $814.82 million, a P/E ratio of 16.46 and a beta of 1.97. Getty Images has a 1 year low of $1.90 and a 1 year high of $4.49. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Getty Images (NYSE:GETY) last released 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 return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Getty Images will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently made changes to their positions in GETY. Rhumbline Advisers boosted its stake in Getty Images by 3.6% during the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after acquiring an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after buying an additional 4,826 shares during the last quarter. FMR LLC raised its stake in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after buying an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Getty Images by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after acquiring an additional 9,434 shares during the last quarter. 45.75% of the stock is currently owned by hedge funds and other 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.