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

Getty Images Holdings, Inc. (NYSE:GETY) has been given a consensus recommendation of “Reduce” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3.9250.

GETY has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Getty Images in a report on Friday, August 7th. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Getty Images in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Friday.

Getty Images Trading Down 4.5%

Shares of Getty Images stock traded down $0.01 on Friday, hitting $0.26. 168,922 shares of the company’s stock traded hands, compared to its average volume of 4,548,314. Getty Images has a one year low of $0.23 and a one year high of $3.21. The firm’s 50-day moving average price is $0.42 and its two-hundred day moving average price is $0.69. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $107.02 million, a PE ratio of -0.66 and a beta of 2.07.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $229.10 million for the quarter, compared to analyst estimates of $235.23 million. Getty Images had a negative return on equity of 26.82% and a negative net margin of 16.24%.

Insiders Place Their Bets

In other Getty Images news, SVP Cho Mikael sold 59,604 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $0.94, for a total transaction of $56,027.76. Following the sale, the senior vice president directly owned 121,650 shares of the company’s stock, valued at approximately $114,351. This represents a 32.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,255 shares of company stock worth $90,443 in the last 90 days. 9.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Koch Inc. boosted its stake in Getty Images by 42.8% during the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after acquiring an additional 34,525,639 shares in the last quarter. Readystate Asset Management LP bought a new stake in Getty Images in the fourth quarter valued at $3,071,000. Millennium Management LLC raised its holdings in shares of Getty Images by 160.7% during the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after purchasing an additional 943,567 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after purchasing an additional 742,008 shares during the period. Finally, Weiss Asset Management LP boosted its position in shares of Getty Images by 318.5% during the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock worth $685,000 after purchasing an additional 656,790 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.