Getty Images’ (GETY) “Buy” Rating Reiterated at Benchmark

Getty Images (NYSE:GETY)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report released on Friday,Benzinga reports. They presently have a $6.00 price target on the stock. Benchmark’s price objective would indicate a potential upside of 132.56% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Tuesday. Macquarie reiterated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Stock Down 1.9 %

Shares of GETY stock traded down $0.05 on Friday, hitting $2.58. The company’s stock had a trading volume of 1,665,580 shares, compared to its average volume of 15,054,125. 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 stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.50 and a beta of 1.93. Getty Images has a fifty-two week low of $2.06 and a fifty-two week high of $5.77. The firm’s fifty day moving average price is $2.87 and its 200-day moving average price is $3.33.

Insider Activity

In other news, Director Chinh Chu sold 8,243 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $4.01, for a total transaction of $33,054.43. Following the sale, the director now owns 9,795,163 shares in the company, valued at approximately $39,278,603.63. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after buying an additional 7,267 shares in the last quarter. FMR LLC lifted its stake in shares of 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 acquiring an additional 7,897 shares during the period. Intech Investment Management LLC bought a new position in Getty Images in the third quarter valued at about $44,000. Aigen Investment Management LP acquired a new stake in Getty Images in the third quarter worth about $48,000. Finally, Principal Financial Group Inc. bought a new stake in Getty Images during the 2nd quarter worth about $44,000. 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.