Getty Images Holdings, Inc. (NYSE:GETY) Given Average Rating of “Reduce” by Brokerages

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.7833.

A number of research firms have weighed in on GETY. Zacks Research cut shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a report on Thursday, January 22nd. Finally, Citigroup dropped their target price on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd.

Getty Images Trading Down 2.9%

NYSE:GETY opened at $0.79 on Wednesday. Getty Images has a 1 year low of $0.67 and a 1 year high of $3.21. The stock has a market cap of $329.20 million, a P/E ratio of -1.58 and a beta of 2.13. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $1.47.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $282.29 million for the quarter, compared to analyst estimates of $246.17 million. Getty Images had a negative return on equity of 25.05% and a negative net margin of 21.00%. As a group, analysts anticipate that Getty Images will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently made changes to their positions in the company. Koch Inc. lifted its holdings in shares of Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after purchasing an additional 34,525,639 shares during the last quarter. Readystate Asset Management LP purchased a new position in Getty Images during the 4th quarter worth approximately $3,071,000. Millennium Management LLC increased its position in Getty Images by 160.7% during the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after buying an additional 943,567 shares during the period. JPMorgan Chase & Co. increased its position in Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after buying an additional 742,008 shares during the period. Finally, Callodine Capital Management LP purchased a new stake in Getty Images in the fourth quarter valued at approximately $670,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.