Benchmark Has Lowered Expectations for Getty Images (NYSE:GETY) Stock Price

Getty Images (NYSE:GETY) had its price objective decreased by Benchmark from $6.00 to $4.50 in a research note released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

GETY has been the topic of a number of other research reports. Wedbush reissued an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Getty Images has a consensus rating of “Hold” and an average target price of $5.24.

Getty Images Price Performance

Shares of Getty Images stock opened at $2.25 on Tuesday. The firm has a market cap of $922.86 million, a PE ratio of 18.71 and a beta of 1.97. Getty Images has a 12-month low of $1.90 and a 12-month high of $5.09. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $2.99.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. Getty Images’s revenue was up 9.5% on a year-over-year basis. As a group, equities analysts expect that Getty Images will post 0.08 EPS for the current year.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,521 shares of company stock valued at $155,146 in the last three months. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after buying an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 worth $80,000 after buying an additional 4,826 shares during the last quarter. FMR LLC raised its holdings in Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares during the last quarter. ProShare Advisors LLC raised its holdings in Getty Images by 49.0% in the fourth 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. raised its holdings in Getty Images by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock worth $101,000 after buying an additional 9,434 shares during the last quarter. 45.75% of the stock is 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.