Getty Images (NYSE:GETY) Earns Neutral Rating from Citigroup

Citigroup reiterated their neutral rating on shares of Getty Images (NYSE:GETY) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $2.45 price target on the stock.

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

Getty Images Stock Down 0.2 %

Shares of NYSE GETY opened at $2.19 on Monday. The company has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $2.95. 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 has a market capitalization of $901.46 million, a P/E ratio of 18.21 and a beta of 1.97. Getty Images has a 1 year low of $1.90 and a 1 year high of $4.49.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GETY. Koch Inc. acquired a new stake in shares of Getty Images during the fourth quarter worth about $174,385,000. Toronto Dominion Bank acquired a new position in Getty Images during the fourth quarter worth $3,553,000. Wexford Capital LP acquired a new position in shares of Getty Images during the 4th quarter worth $80,000. ProShare Advisors LLC lifted its holdings in shares of Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after purchasing an additional 9,297 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Getty Images in the 4th quarter valued at approximately $168,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.